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2517 Curtis Ave 3 Unit Apartment Building $1,550,000 ($516,667/Unit) Redondo Beach, CA 90278
Investment Highlights
- Prime North Redondo Beach location. Close proximity to the beach, shopping and dining. Bike path down the street.
- Spacious backyard, perfect for entertaining and relaxing.
- Two of the three units have been updated w/hardwood flooring and in-unit laundry, AC split units.
- Outstanding Development Opportunity.
Executive Summary
Charming and updated 3-unit residential property in highly desirable North Redondo Beach. Each unit comes equipped with new appliances including central AC and heating. Two of the three units have been updated featuring hardwood flooring, in-unit laundry and stylish modern finishes. This triplex offers a front house featuring two bedrooms, and the separate back house has been converted into two units, each with their own entrance. There is a spacious backyard perfect for entertaining or potential further development. The building has an excellent property manager currently in place. This is a prime investment opportunity with the entire triplex fully occupied. This is also a desirable property for a developer. Close proximity to the beach, shopping and dining, and the bike path is just down the street.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,550,000 | Building Class | C |
| Price Per Unit | $516,667 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 2,015 SF |
| Gross Rent Multiplier | 17.89 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RBR-3 - Duplex, Or 2 Units - 4 | ||
| Price | $1,550,000 |
| Price Per Unit | $516,667 |
| Sale Type | Investment |
| Gross Rent Multiplier | 17.89 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,015 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | RBR-3 - Duplex, Or 2 Units - 4 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Carpet
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,200 | - |
| 1+1 | 1 | $2,900 | - |
| Studios | 1 | $1,116 | - |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4153-015-014 | Improvements Assessment | $604,888 (2025) |
| Land Assessment | $1,061,208 (2025) | Total Assessment | $1,666,096 (2025) |
Property Taxes
Parcel Number
4153-015-014
Land Assessment
$1,061,208 (2025)
Improvements Assessment
$604,888 (2025)
Total Assessment
$1,666,096 (2025)
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2517 Curtis Ave
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