2700 Aviation Boulevard, Redondo Beach, CA 90278 (MLS # PW25111723)
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.
Property Type(s):
Residential Income
|
Last Updated
|
5/19/2025
|
Year Built
|
1964
|
|
Community
|
N Redondo Bch/Villas North
|
Garage Spaces
|
41.0
|
|
County
|
Los Angeles
|
Additional Details
| AREA |
N Redondo Bch/Villas North |
| EXTERIOR |
Awning(s), Lighting |
| FIREPLACE |
Yes |
| GARAGE |
Assigned, Concrete, Covered, Paved, Private, Storage, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
0.73 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Landscaped, Near Park, Near Public Transit, Value In Land, Yard |
| PARKING |
Assigned,Concrete,Covered,Paved,Private,Storage |
| POOL |
Yes |
| POOL DESCRIPTION |
Heated,Private |
| SEWER |
Public Sewer |
| STORIES |
3 |
| WATER |
Public |
| ZONING |
RBR-3 |
Location
Listed with Younglewin Advisors, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/20/25 3:30 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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