2516 Mathews AVE new Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90278
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 $17,500 per month or $210,000 yearly rent. Property listed for only 15 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
Parking Type Assigned,Asphalt,Door-Single,Driveway,Garage
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