CA > Redondo Beach
Redondo Beach, CA 90278,2516 Mathews AVE
Redondo Beach, CA 90278,2516 Mathews AVE
Redondo Beach, CA 90278,2516 Mathews AVE
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$3,150,000
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9,909 Sqft Lot
Price Dropped by $49K

2516 Mathews AVE Redondo Beach, CA 90278

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JT Contrestano

JT Contrestano

+1(559) 360-2931

UPDATED:

11/25/2024 04:57 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IN24227973

HOA Y/N No

Year Built 1959

Lot Size 9,909 Sqft

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.

Location

State CA

County Los Angeles

Area 151 - N Redondo Bch/Villas North

Zoning RBR-3

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Free-Standing Range

Laundry Common Area, Laundry Room

Exterior

Garage Assigned, Asphalt, Door-Single, Driveway, Garage

Garage Spaces 8.0

Garage Description 8.0

Fence Chain Link, Masonry, Wood

Pool None

Community Features Biking, Suburban, Sidewalks, Park

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard, Near Park

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4153020003

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Anoop Garg • The Real Estate Consultants Westside Inc. • 1anoopgarg@gmail.com

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JT Contrestano

Broker Associate | License ID: 01920263

+1(559) 360-2931

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2516 Mathews AVE