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James Studnicka Jr.

eXp Realty of California, Inc.

jcsjr23@gmail.com +1(310) 994-6034

Listed by Shane Young • Younglewin Advisors, Inc.

$ 16,900,000

Est. payment -/mo

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Active

2700 Aviation Boulevard Redondo Beach, CA 90278

31,147 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 31,147 sqft

Price per Sqft $542

MLS Listing ID PW-25111723

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 Redondobch/Villasnorth

Zoning RBR-3

Interior

Heating Wall Furnace

Flooring Carpet, Tile, Vinyl

Fireplaces Type Den

Laundry Common Area

Exterior

Exterior Feature Awning(s), Lighting

Parking Features Paved, Private, Assigned, Built-In Storage, Concrete, Covered

Garage Spaces 41.0

Pool Private, Heated

Community Features Biking, Curbs, Dog Park, Golf, Gutters, Park, Sidewalks, Storm Drains, Street Lights

Building

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

Sewer Public Sewer

James Studnicka Jr.

Agent | License ID: 01467393

+1(310) 994-6034

James Studnicka Jr.

2700 Aviation Boulevard Redondo Beach, CA 90278

Key Details

Location

Interior

Exterior

Building

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2700 Aviation Boulevard