2406 Curtis Avenue, Redondo Beach, California 90278, Redondo Beach, 90278 - bed, bath
ACTIVE$2,199,000$4,583/sqft
2406 Curtis Avenue, Redondo Beach, California 90278
0Bed
0Bath
4,583Sqft
7,509Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: This property is a four-unit residential income property (one 3-bedroom, three 2-bedroom units), offering diversified rental income streams and strong cash flow potential for investors.
Top Cons:
Age of Property: Built in 1969, while stated to be in 'very good condition,' the property's age may imply older systems (e.g., plumbing, electrical) or structural components that could require significant capital expenditures in the future.
Compared to the nearby listings
Price:$2.20M vs avg $1.48M (+$717,000)94%
Size:4,583 sqft vs avg 2,200 sqft82%
Price/sqft:$480 vs avg $67724%
More Insights
Built in 1969 (57 years old).
Condition: Built in 1969, this property is 55 years old. While described as being in 'very good condition' and professionally managed, there's no indication of recent major renovations. Having been on the market since 1997, any significant updates are likely over 27 years old. Without interior images, particularly of kitchens and bathrooms, it's highly probable that these areas, along with systems and finishes, are dated, fitting the 'Fair' criteria of an aged but maintained property with functional but outdated components.
Year Built
1969
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
PV26009456
Home ConditionFair
Features
View-
About this home
Very nice 4 plex located in desirable North Redondo Beach in very good condition with one 3 bedroom unit and 3 2 bedroom units. Professionally managed, this property has terrific upside potential and it's the first time on the market since 1997. Close to shopping, restaurants, LAX, the beach, schools and more. Priced to sell now so don't wait.
G
Greg Esaw
Listing Agent
Nearby schools
8/10
Madison Elementary School
Public,•K-5•0.1mi
7/10
Lincoln Elementary School
Public,•K-6•0.3mi
8/10
Adams Middle School
Public,•6-8•0.8mi
8/10
Redondo Union High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
07/03/97
Sold
$440,000
Condition Rating
Fair
Built in 1969, this property is 55 years old. While described as being in 'very good condition' and professionally managed, there's no indication of recent major renovations. Having been on the market since 1997, any significant updates are likely over 27 years old. Without interior images, particularly of kitchens and bathrooms, it's highly probable that these areas, along with systems and finishes, are dated, fitting the 'Fair' criteria of an aged but maintained property with functional but outdated components.
Pros & Cons
Pros
Income-Generating Quadruplex: This property is a four-unit residential income property (one 3-bedroom, three 2-bedroom units), offering diversified rental income streams and strong cash flow potential for investors.
Prime North Redondo Beach Location: Situated in a highly desirable North Redondo Beach area, the property benefits from excellent proximity to essential amenities including shopping, restaurants, LAX, the beach, and top-rated schools, enhancing tenant appeal and property value.
Well-Maintained & Professionally Managed: Described as being in 'very good condition' and professionally managed, this indicates a well-cared-for asset, potentially reducing immediate maintenance concerns and offering a more hands-off investment experience.
Significant Upside Potential: The listing explicitly highlights 'terrific upside potential,' suggesting opportunities for rent optimization, value appreciation, or future redevelopment, making it an attractive long-term investment.
Strong School District: The property is located within a highly-rated school district, with elementary, middle, and high schools boasting ratings of 7-8, which is a significant draw for families and contributes to stable tenancy.
Cons
Age of Property: Built in 1969, while stated to be in 'very good condition,' the property's age may imply older systems (e.g., plumbing, electrical) or structural components that could require significant capital expenditures in the future.
Lack of Detailed Financials: The listing does not provide specific financial details such as current rental income for each unit, operating expenses, or a cap rate, which are crucial for investors to accurately assess immediate profitability and return on investment.
Potential for Dated Interiors: Being on the market for the first time since 1997, despite being in 'very good condition,' there's a possibility that interior finishes and amenities may be dated, potentially requiring renovation to maximize rental income or attract premium tenants.