2615 Curtis Ave - Apartments FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$2,400,000 USD
310-259-7556
2615 Curtis Ave, Redondo Beach, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/32
null | 4.85% Cap Rate

2615 Curtis Ave
Redondo Beach, CA 90278
North Redondo Beach


HIGHLIGHTS

  • The (4) Townhome-Style features (4) units 2-Bed / 2-Ba & (1) 2- Bed/1-Ba & total 5,088 SF living space
  • Prime North Redondo Beach: Top schools, walkable amenities, and minutes to the ocean
  • 40% rental upside & potential to increase NOI through rent optimization
  • Highly competitive price per RSF $471 vs. area median $659/SF, offering built-in equity
  • Includes (5) Garages one for each tenant

OVERVIEW

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 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.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

5

PRICE/UNIT

$480,000

CAP RATE

4.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R4, Redondo Beach

APN/PARCEL ID

4153-026-019

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.