2615 Curtis Ave, Redondo Beach, CA 90278, is ideally positioned in one of the South Bay’s most sought-after neighborhoods. Redondo Beach is renowned for its vibrant coastal lifestyle, top-rated schools, and strong sense of community, all while offering quick access to major employment centers and… Read More the beach. The area remains exceptional with homes selling quickly and at premium prices, reflecting ongoing demand for quality multifamily assets Current Cap Rate of 4.85% and a rare 40% rental upside, new ownership can capitalize on significant income growth by bringing rents to market levels, far outperforming typical area returns. This exclusive offering features (4) four spacious Townhome-style units, (4) 2-Bed / 2-Ba, (1) 2-Bed / 1-Ba & total 5,088 SF of living space. Priced at a highly competitive $471 per RSF—well valued in contrast to local median—this property delivers immediate value Investors and Owner/Users will appreciate the property’s appeal and the exceptional fundamentals of Redondo Beach’s housing market, where the median price per square foot is $659 and properties routinely attract multiple offers. This is a prime opportunity to secure a stable, appreciating asset with substantial cash flow growth in a high-demand coastal enclave Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
Listing Snapshot
Days Online
11
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1972
MLS Number
SB25142167
30 Days Snapshot Of 90278
$1.49M
-1%
(avg) sold price
29
-6%
homes sold
65
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1972, Building area total: 5,088, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Urban
Expenses
Operating expense: $41,368
Garage
5 spaces
Income
Gross income: $157,687, Net operating income: $116,319
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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