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    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.

    Features
    : Wall Furnace
    : Wood, Chain link, Masonry
    : Composition
    : 8.00
    : Electricity - On Property
    0
    : Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
    : Individual Room, Common Area, Community
    : Driveway, Garage - Single Door, Garage, Asphalt, Assigned
    : Public Sewer
    : 1 Common Wall
    0
    INGARGANO
    : Public
    : Front Yard, Park Nearby, Lot 6500-9999
    : Double Pane Windows
    : Sidewalks, Suburban, Park, Biking
    2
    1
    : Wood, Carpet, Tile
    : Front
    : Raised
    : Contemporary
    : Free-standing Range
    Address Map
    Mathews
    2516
    Avenue
    0
    W119° 38' 6.2''
    N33° 52' 24.8''
    MLS Addon
    The Real Estate Consultants Westside Inc.
    $0
    8
    RBR-3
    9,911 Sqft
    Garg
    1060730
    : Standard
    IN1123
    Anoop
    North Of Artesia & West of Inglewood Ave. in North Redondo Beach
    : Tenant Personal Property
    151 - N Redondo Bch/Villas North
    Two
    4153020003
    01481925
    $0
    0

    Residential Income For Sale

    2516 Mathews Avenue, Redondo Beach, California 90278

    0.23 Sqft
    $3,299,000
    Listing ID #IN25067459
    Basic Details
    Property Type : Residential Income
    Listing Type : For Sale
    Listing ID : IN25067459
    List Price : $3,299,000
    Year Built : 1959
    Lot Area : 0.23 Sqft
    Country : US
    State : California
    County : Los Angeles
    City : Redondo Beach
    Zipcode : 90278
    Status : Active
    Property Type : Apartment
    Price Per Square Foot : $556
    Days on Market : 2
    Agent info
    Contact Agent
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