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