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Listed by Anoop Garg • The Real Estate Consultants Westside Inc.
$ 3,299,000
Est. payment /mo
Active
2516 Mathews AVE Redondo Beach, CA 90278
9,911 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIN25067459
Style Contemporary
Originating Board California Regional MLS
Year Built 1959
Lot Size 9,911 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 !. 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.
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Rooms
Kitchen Oven Range
Interior
Heating Wall Furnace
Cooling None
Laundry In Laundry Room, Laundry Area, Community Facility
Exterior
Parking Features Assigned Spaces, Garage, Other
Garage Spaces 8.0
Pool None
Roof Type Composition
Building
Foundation Raised
Water District - Public
Architectural Style Contemporary
Others
Tax ID 4153020003
Special Listing Condition Not Applicable
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