Redondo Beach, CA 90278,2700 Aviation BLVD
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Redondo Beach, CA 90278,2700 Aviation BLVD
Redondo Beach, CA 90278,2700 Aviation BLVD
Redondo Beach, CA 90278,2700 Aviation BLVD
Redondo Beach, CA 90278,2700 Aviation BLVD
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2700 Aviation BLVD Redondo Beach, CA 90278

0.73 Acres Lot


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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25111723

HOA Y/N No

Year Built 1964

Lot Size 0.727 Acres

Property Sub-Type Apartment

Property Description

We are proud to present Westview Apartments, a rare 41-unit multifamily property in prime Redondo Beach, available for the first time in over 50 years. Located in a low-density submarket bordering Manhattan Beach, this offering is one of only two 40+ unit apartment buildings to hit the market in the last 15 years. Priced at an attractive 4.17% Cap Rate with 54% upside in net operating income (NOI), Westview Apartments presents an exceptionally rare value-add opportunity. Market Cap Rate of 6.47% and Market GRM of 11.08!

2700 Aviation Blvd consists of two separate well-maintained buildings, and a unit mix of 19 two-bedroom units, 20 one-bedroom units, and 2 three-bedroom units. This property drives strong rental demand due to its proximity to acclaimed Beach City school districts and top tier amenities, while offering renters a cost-effective alternative to the high homeownership costs in Redondo Beach and Manhattan Beach. The property features a newer roof, upgraded plumbing, an oversized 0.73-acre lot with 41 assigned parking spaces, a heated pool, two owner-operated laundry facilities, and spacious floor plans with select units boasting balconies, fireplaces, townhome layouts, and walk-in closets.

Westview Apartments offer significant revenue potential through the addition of up to 10 accessory dwelling units (ADUs), monetization of storage and parking, and implementation of a RUBS utility bill-back system. Its prime location, near major employers and retail along Rosecrans and Artesia Boulevards, and a short drive from PCH, I-405, and I-91 freeways, ensures tenant convenience without noise pollution.

Don't miss this once in a lifetime opportunity to acquire a premier asset in the supply-constrained South Bay Beach Cities market. Contact Listing Agent for more details.

Location

State CA

County Los Angeles

Area 151 - N Redondo Bch/Villas North

Zoning RBR-3

Interior

Heating Wall Furnace

Flooring Carpet, Tile, Vinyl

Fireplaces Type Den

Fireplace Yes

Laundry Common Area

Exterior

Exterior Feature Awning(s), Lighting

Parking Features Assigned, Concrete, Covered, Paved, Private, Storage

Garage Spaces 41.0

Garage Description 41.0

Pool Heated, Private

Community Features Biking, Curbs, Dog Park, Golf, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Park

Roof Type Flat,Tar/Gravel

Total Parking Spaces 41

Private Pool Yes

Building

Lot Description Corner Lot, Landscaped, Near Park, Near Public Transit, Value In Land, Yard

Faces West

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4155004033

Security Features Resident Manager

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Shane Young • Younglewin Advisors, Inc. • 562-556-1118
agent

Rita Antashkevich

Advisor | License ID: 02214781

+1(818) 482-3111

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2700 Aviation BLVD