Property Description
Rare 7 unit building in Redondo Beach where the rental market is very strong. Within a few minutes from the beach, surrounded by shoppes and restaurants, this is a highly desirable area in South Bay. Just a few Miles from Silicon Beach where the growth potential is unlimited. Equipped with a separate meter for gas and electric for all 7 units, including one car garage per unit. Most tenants are long-term stable tenants with month-to-month lease. Great buy and hold steady cash flow. HUGE unrealized upside rent 30% below market, possible future update and or aesthetic improvement to significantly increase property value. Zone RBR-3 (apartment house 5+unit)
Features
: natural gas, Wall Furnace
: 7.00
: Electricity - On Property
0
: Electricity Available, Natural Gas Available, Cable Available
: Attached Carport, Assigned
: Public Sewer
: 2+ Common Walls
0
sbwanggeo
: Public
: 36-40 Units/acre
: Curbs
2
: Laminate
Address Map
Mathews
2600
Avenue
3334
0
W119° 38' 9.1''
N33° 52' 24.9''
MLS Addon
Harvest Realtors, Inc.
$0
7
RBR-3
7,494 Sqft
Wang
01751924
: Standard
SB1294140
George
Corner of Felton and Mathews
151 - N Redondo Bch/Villas North
Two
4153021013
01958643
$0
0
Residential Income Sold
2600 Mathews Avenue, Redondo Beach, California 90278
0.17 Sqft
$2,400,000
Listing ID #SB18248144
Basic Details
Property Type : Residential Income
Listing Type : Sold
Listing ID : SB18248144
List Price : $2,400,000
Year Built : 1962
Lot Area : 0.17 Sqft
Country : US
State : California
County : Los Angeles
City : Redondo Beach
Zipcode : 90278
Close Price : $2,320,000
Status : Closed
Property Type : Single Family Residence
Price Per Square Foot : $379
Days on Market : 35