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2700 Aviation Boulevard

Redondo Beach CA 90278

8
6
0.73 ac.
Multi-Family
Currently for sale - view listing

Overview

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 conven

Features

8 bedrooms
6 bathrooms
0.73 ac. lot size
Multi-Family

Happy sellers in Redondo Beach

69%
69% of sellers in Redondo Beach reported that their sale price either exceeded or met their price expectations.

Redondo Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Redondo Beach over the last 12 months.

Local market activity for 8 bedroom multi families in Redondo Beach

In the last 12 months, 3 eight-bedroom multi families similar to 2700 Aviation Boulevard, have been sold.

This represents a 200% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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