2516 Mathews Avenue Active Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90278
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,932 sqft
Price per Sqft $556
MLS Listing ID IN-25067459
Style Contemporary
Year Built 1959
Lot Size 9,911 Sqft
Property Sub-Type Apartment
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 !. Average 1 bedroom rent $2040 per month and 2 bedroom rents for about $2500 per month. Currents rental income for 8 units total $17,913 per month or $214,956 yearly rent. Property listed for only 15.3 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.
Location
State CA
County Los Angeles
Area 151 - N Redondobch/Villasnorth
Zoning RBR-3
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet,Tile,Wood
Fireplaces Type None
Laundry Common Area,Community,Individual Room
Exterior
Parking Features Garage,Garage - Single Door,Asphalt,Assigned,Driveway
Garage Spaces 8.0
Pool None
Community Features Biking,Park,Sidewalks,Suburban
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
Building
Lot Description Front Yard,Lot 6500-9999,Park Nearby
Sewer Public Sewer