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 $17,500 per month or $210,000 yearly rent. Property listed for only 15 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.
Property Details
Price:
$3,199,000
MLS #:
IN24227973
Status:
Active
Baths:
0
Address:
2516 Mathews Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
151nredondobchvillasnorth
City:
Redondo Beach
Listed Date:
Nov 5, 2024
State:
CA
ZIP:
90278
Lot Size:
9,911 sqft / 0.23 acres (approx)
Year Built:
1959
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Free- Standing Range
Cooling
None
Fireplace Features
None
Flooring
Carpet, Tile, Wood
Heating
Wall Furnace
Window Features
Double Pane Windows
Exterior
Community Features
Biking, Park, Sidewalks, Suburban
Electric
Electricity – On Property
Fencing
Chain Link, Masonry, Wood
Foundation Details
Raised
Garage Spaces
8.00
Lot Features
Front Yard, Lot 6500-9999, Park Nearby
Parking Features
Assigned, Driveway, Asphalt, Garage, Garage – Single Door
Parking Spots
8.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address2516 Mathews Avenue Redondo Beach CA
- Area151 – N Redondo Bch/Villas North
- CityRedondo Beach
- CountyLos Angeles
- Zip Code90278
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Courtesy of The Real Estate Consultants Westside Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2516 Mathews Avenue
Redondo Beach, CA
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