2701 Curtis Avenue
Redondo Beach, CA 90278
- – beds
- – baths
- – sqft
- 7,504 sqft lot
- 1964 build
- – on site
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.
Listed By CRMLS_CA / Brett Lyon / Lyon Stahl Investment Real Estate, Inc. / 3107801899
Last checked:
Checking…
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Last updated Oct 1, 2024
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MLS# SB24174441 —
The Building
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Year Built:1964
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Year Built Source:Public Records
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:5090.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:8
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Stories Total:2
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# of Separate Gas Meters:8
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# of Separate Water Meters:1
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# of Separate Electric Meters:8
Interior
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Entry Location:First and second floor
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Laundry:Individual Room
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Laundry:1
Location
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Directions:Curtis & Inglewood Ave
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Latitude:33.87781700
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Longitude:-118.36204300
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:RBR-3
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Lot Features:0-1 Unit/Acre
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Lot Size Area:7504.0000
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Lot Size Acres:0.1723
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Lot Size SqFt:7504.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:8
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Tax Census Tract:6205.21
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Tax Tract:2
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Tax Lot:6
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4153030006
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:8.00
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Garage Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/1/24
Oct 1, 2024
|
Price Changed | CRMLS_CA | $2,750,000 | -1.6% |
8/22/24
Aug 22, 2024
|
Listed / Active | CRMLS_CA | $2,795,000 | |
9/29/23
Sep 29, 2023
|
Listed / Active | CRMLS_CA |