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For sale
  • Listing Provided by: 

    Shane Young DRE #01963090 562-556-1118,

    Younglewin Advisors, Inc.

    $16,900,000

    2700 Aviation Blvd, Redondo Beach, CA 90278

    64beds
    43baths
    31,147sqft
    : 
    Multi Family
    Built in 1964
    -- sqft lot
    $-- Zestimate®
    $543/sqft
    $-- HOA

    What's special

    Heated poolNewer roofSelect units boasting balconiesSpacious floor plansTownhome layoutsWalk-in closetsTwo owner-operated laundry facilities
    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.
    83 days
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    Zillow last checked: 7 hours ago

    Listing updated: May 28, 2025 at 02:33pm

    Listing Provided by:

    Shane Young DRE #01963090 562-556-1118,

    Younglewin Advisors, Inc.

    Source: CRMLS,MLS#: PW25111723MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 2700 Aviation Blvd.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 64
    • Bathrooms: 43
    Heating
    • Wall Furnace
    Appliances
    • Laundry: Common Area
    Features
    • Flooring: Carpet, Tile, Vinyl
    • Has fireplace: Yes
    • Fireplace features: Den
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 31,147
    • Total interior livable area: 31,147 sqft

    Property

    Parking
    • Total spaces: 41
    • Parking features: Assigned, Concrete, Covered, Paved, Private, Storage
    • Garage spaces: 41
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: Aviation
    • Exterior features: Awning(s), Lighting
    • Has private pool: Yes
    • Pool features: Heated, Private
    Lot
    • Size: 0.73 Acres
    • Features: Corner Lot, Landscaped, Near Park, Near Public Transit, Value In Land, Yard
    Details
    • Parcel number: 4155004033
    • Zoning: RBR-3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Flat,Tar/Gravel
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Curbs, Dog Park, Golf, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Park
    • Security: Resident Manager
    Location
    • Region: Redondo Beach

    Financial & listing details

    • Price per square foot: $543/sqft
    • Date on market: 5/19/2025
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 92305
    • Tenant pays: Electricity, Gas
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