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2700 Aviation Blvd Redondo Beach, CA 90278

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For Sale
$16,900,000

Rare 41-unit multifamily property in prime Redondo Beach location.

Property Features for 2700 Aviation Blvd

General Information

Standard status
Active

Building Details

Year built
1964
Source: Corcoran

Listing Agent: Shane Young

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Redondo Beach Multifamily Investment Opportunity

Westview Apartments is a 41-unit multifamily property located in Redondo Beach. The property, available for the first time in over 50 years, is situated in a low-density submarket bordering Manhattan Beach. The property consists of two well-maintained buildings with a unit mix of 19 two-bedroom units, 20 one-bedroom units, and 2 three-bedroom units. The property is located near school districts and amenities. Select units feature balconies, fireplaces, townhome layouts, and walk-in closets. The property features a newer roof, upgraded plumbing, a heated pool, two owner-operated laundry facilities, and 41 assigned parking spaces on an oversized 0.73-acre lot. The property offers revenue potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Aviation Apartments Apartment Building

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Redondo Beach
County
Los Angeles
State
California
Longitude
-118.3795967
Latitude
33.8797086

FAQs

What type of property is this?
Apartment building - Rare 41-unit multifamily property in prime Redondo Beach location.
Where is this apartment building located?
The property is located at 2700 Aviation Blvd Redondo Beach, CA.
What is the asking price?
The asking price for this property is $16,900,000.
What are key features of this property?
This property features: - Rare 41-unit multifamily property in prime Redondo Beach, first time on the market in over 50 years.; - Significant upside potential with a 4.17% Cap Rate and 54% potential increase in Net Operating Income (NOI).; - Located in a low-density submarket bordering Manhattan Beach, near acclaimed Beach City school districts.
More about this property
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