2701 Curtis AVE Contingent Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90278
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRSB24174441
Year Built 1964
Lot Size 7,504 Sqft
Property Description
Discover this well-maintained 8-unit property located in North Redondo. Situated on a spacious 7,504 SF lot, this property offers a total of 5,090 SF of living space, with a mix of (2) 2-bed/1-bath units and (6) 1-bed/1-bath units. Priced at an attractive $343,750 per unit, the property boasts a strong income with a 4.45% CAP rate and a 14.56 GRM on current rents. It also has very strong upside potential with 25% rental upside and a market cap of 5.94%. Altogether, this is an excellent investment opportunity in a desirable, beach city location, perfect for those looking to capitalize on the steady rental market in this sought-after area w/ long term appreciation potential.
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable ,Accepting Backups