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$ 16,900,000
Est. payment | /mo
31,147 SqFt
$ 16,900,000
Est. payment | /mo
31,147 SqFt
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
Acres 0.73
Property Sub-Type Other
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
Zoning RBR-
Interior
Heating Wall Furnace
Flooring Tile, Vinyl, Carpet
Fireplace No
Laundry Other
Building
Lot Description Corner Lot, Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 4155004033
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Shane Young • Younglewin Advisors, Inc.