2519 Curtis ave, Redondo Beach, CA 90278
Active
$3,650,000
4%
5 Units
9 Beds
12 Baths
5,022 Area(sq.ft.)
Lot: 7,448 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2.50 | No | $ 5,500 | $ 5,500 | $ 5,990 |
| Unit 2 | 1 | 2 | 2.50 | No | $ 4,800 | $ 4,800 | $ 5,227 |
| Unit 3 | 1 | 2 | 2.50 | No | $ 4,150 | $ 4,150 | $ 4,519 |
| Unit 4 | 1 | 2 | 1 | No | $ 3,750 | $ 3,750 | $ 4,084 |
| Unit 5 | 1 | 1 | 1.50 | No | $ 4,250 | $ 4,250 | $ 4,628 |
| 5 | 9 | 12 | $ 22,450 | $ 22,450 | $ 24,448 |
| MLS #: | 25539909 |
| Days On Market: | 262 |
| Listing Date: | May 19, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 727 |
| Price per unit: | $ 730,000 |
| Year Built: | 1957 |
Property Details
Stunning 5-unit income property in highly desirable North Redondo Beach. This property is the epitome of sleek, modern coastal living. Units A, B & C have been completely remodeled. Original building was taken down to the studs and completely rebuilt including a new roof. Units D & E are brand new construction, completed in 2024. Units are eco-friendly with central heating & air, solar power and electric hookups for cars. Hardwood flooring throughout with in-unit stacked laundry, and gourmet kitchens featuring Caesarstone countertops and top of the line appliances and fixtures with designer finishes. Property has been meticulously maintained with all five units fully occupied. Tenants are all responsible professionals and there is an excellent property manager currently in place. This is a prime turnkey investment opportunity in a building with close proximity to the beach, shopping and dining, and the bike path is right down the street. Adjacent property is a triplex under the same ownership and also available for purchase. Both properties are ideal for owner/user occupancy.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 269,400 |
| Total Annual Expense: | $ 75,241 |
| Net Operating Income: | $ 194,160 |
| Gross Annual Income: | $ 269,400 |
| Cap Rate: | 5.3% |
| Gross Rent Multiplier: | 13.55 |
| Actual Gross Rent: | $ 269,400 |
| Actual Gross Income: | $ 269,400 |
| Actual Rent Total: | $ 269,400 |
Structure
| Type of Units: | Various |
| Buildings: | 3 |
| Levels: | Multi/Split |
| Style: | Modern |
Land & Parking
| Zoning: | RBR-3 |
| Parking Garage: | Driveway, Assigned |
Interior
| AC/Cooling: | Central |
| Equipment: | Ceiling Fan, Dishwasher, Dryer, Microwave, Washer, Refrigerator, Solar Panels, Range/Oven |
| Heating: | Central |
| Laundry: | In Unit, Laundry Closet Stacked |
Exterior
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