CA > Redondo Beach
Redondo Beach, CA 90278,2516 Mathews Avenue
Redondo Beach, CA 90278,2516 Mathews Avenue
Redondo Beach, CA 90278,2516 Mathews Avenue
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Listed by Anoop Garg • The Real Estate Consultants Westside Inc.
$3,299,000
Est. payment /mo
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5,932 SqFt
Active

2516 Mathews Avenue Redondo Beach, CA 90278

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Melissa Paolasso

Melissa Paolasso

+1(949) 463-7024

UPDATED:

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

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agent

Melissa Paolasso

Agent | License ID: 02062934

+1(949) 463-7024

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2516 Mathews Avenue