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Home For Sale

Picture of Home For Sale in Redondo Beach, California, United States

$2,795,000

2701 Curtis Ave
Redondo Beach, California, United States

10bd 8ba

Listed By: Realtyww Info

Listed On: 08/24/2024

Listing ID: GL11453119 View More Details

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 $349, 375 per unit, the property boasts a strong income with a 4.36% CAP rate and a 14.80 GRM on current rents. It also has very strong upside potential with 25% rental upside and a market cap of 5.82%. 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.

For more details:

Listed by: Brett Lyon
Source: The World Property Journal

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