2516 Mathews Avenue, Redondo Beach, CA 90278 - Berkshire Hathaway HomeServices California Properties
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2516 Mathews Avenue, Redondo Beach, CA 90278

$3,299,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Anoop Garg | 1anoopgarg@gmail.com
Lic#: 1060730
Broker: Courtesy of The Real Estate Consultants Westside Inc.

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# IN25067459
Price: $3,299,000
Beds: 0
Baths: 0
None fireplaces
Built in 1959
2 stories
0.23 acres
Lot size: 0.2275
County: Los Angeles
Property style: Contemporary
Zoning: RBR-3
Appliances: Free-Standing Range
Parking description: Assigned,Asphalt,Door-Single,Driveway,Garage
Lot description: Front Yard,Near Park
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 151 - N Redondo Bch/Villas North

Last Updated: 4/23/2025

 Days On Market (DOM): 42

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This listing belongs to the 151 - N Redondo Bch/Villas North MLS area

The style of this listing is Contemporary.
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Lat/Long: 33.873554, -118.364934.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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