2700 Aviation Boulevard, Redondo Beach, CA 90278 (MLS # PW25111723)
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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.
| DAYS ON MARKET | 50 | LAST UPDATED | 5/28/2025 |
|---|---|---|---|
| YEAR BUILT | 1964 | COMMUNITY | N Redondo Bch/Villas North |
| GARAGE SPACES | 41.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| 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 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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