Active

2516 Mathews Avenue

Redondo Beach CA, 90278

$3,150,000


$531.02 per sqft

Active

5,932 sqft

Condos

Built in 1959

Listed by Anoop Garg with The Real Estate Consultants Westside Inc. [email protected]

Excellent Location in No. Redondo Beach. 8 units. and 8 garage spaces. What an opportunity ! 4 units are 2 bedroom and 1 bath and 4 units are 1 bedroom 1 bath. Almost 6000 SF building, All units are large SF. Bonus Extra-large lot 9911 SF !. 1 bedroom rents for about $2000 per month and 2 bedroom rents for about $2400 per month. Currents rental income for 8 units total $17,538 per month or $210,456 yearly rent. Property listed for only 14.96 GRM & about 5 CAP !! Building has a common laundry room. Current owner has recently done many upgrades, such as, New asphalt driveway, New double pane security windows in all units-35 total windows, 5 New garage doors, New exterior paint, New drain lines under the building, new copper water supply lines under the building Etc. Units have been remodeled as they become vacant. Low maintenance Building. Close to Artesia Blvd. with all services, grocery store & Restaurants. Please do not talk to the tenants or disturb tenants. Submit offers 'Subject to interior inspection'. This is an excellent opportunity with great rental location, Large Lot & Building Square Footage, good income, low expenses, low maintenance and great tenants. An ideal scenario for the landlord/owner to purchase and manage.

IN24227973

MLS ID

November 9, 2024

Listed

November 25, 2024

Updated

Map

2516 Mathews Avenue
Redondo Beach CA, 90278

Interior Features

Total Stories

2


Appliances

Free-Standing Range


Laundry Description

Common Area, Laundry Room


Floor Description

Carpet, Tile, Wood


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.23 Acres


Lot Features

Front Yard, Near Park


Architectual Style

Contemporary


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

151 - N Redondo Bch/Villas North


Days on Market

16


Garage

Yes


Garage Spaces

8


Parking

Assigned, Asphalt, Door-Single, Driveway, Garage


Parking Total

8


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

RBR-3

Listing History

Date

Event

Price

11/25/2024

Price change

$3,150,000

-2%

Listing Contact: 562-889-4981 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/25/2024 at 5:22 PM UTC

 

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