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2516 Mathews Avenue

Redondo Beach, CA 90278

PRICE REDUCED

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-$49,000 (-1.53%)

$3,150,000

List Price

N/A

bed Beds

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shower Baths

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straighten / sqft

1959

calendar_month Built

Property Description

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.

Listing Information

List Price $3,150,000
Status Active
MLS IN24227973
Type Residential Income
Subtype Apartment
Year Built 1959
Lot Size 9,911
Structure Size N/A
DOM 16
Courtesy Of The Real Estate Consultants Westside Inc.
Listing Agent Anoop Garg DRE#1060730

Interior Features

Laundry Information
Location(s) Common Area, Laundry Room
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet, Tile, Wood
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

home_work Nearby Properties

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$3,500,000

king_bed N/A
shower N/A
straighten N/A
straighten 7,496
2600 Mathews Avenue,

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king_bed 4
shower 3
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straighten 7,409
2518 Nelson Avenue, #B,

Redondo Beach, CA 90278
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$5,238/month

king_bed N/A
shower N/A
straighten N/A
straighten 25,970
2512 Artesia Boulevard, #310,

Redondo Beach, CA 90278
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$643/month

king_bed N/A
shower N/A
straighten N/A
straighten 25,970
2512 Artesia Boulevard,

Redondo Beach, CA 90278
Image

$5,238/month

king_bed N/A
shower N/A
straighten N/A
straighten 25,970
2512 Artesia Boulevard, #200,

Redondo Beach, CA 90278

Listing information courtesy of: Anoop Garg, The Real Estate Consultants Westside Inc. 562-889-4981. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 25th, 2024 at 4:57 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.