CA > Redondo Beach
Redondo Beach, CA 90278,2700 Aviation Boulevard
Redondo Beach, CA 90278,2700 Aviation Boulevard
Redondo Beach, CA 90278,2700 Aviation Boulevard
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Listed by Shane Young • Younglewin Advisors, Inc.
$16,900,000
Est. payment /mo
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31,147 SqFt
New

2700 Aviation Boulevard Redondo Beach, CA 90278

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 31,147 sqft

Price per Sqft $542

MLS Listing ID CRPW25111723

HOA Y/N No

Year Built 1964

Lot Size 0.727 Acres

Property Sub-Type Other

Source Datashare California Regional

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 u

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Flooring Tile, Vinyl, Carpet

Fireplace No

Laundry Other

Building

Lot Description Corner Lot, Other

Water Public

Bay East AOR and Contra Costa AOR
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Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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2700 Aviation Boulevard

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