2516 Mathews Avenue, Redondo Beach, CA 90278
  • MLS#: IN24227973 ( Apartment )
  • Street Address: 2516 Mathews Avenue
  • Viewed: 2
  • Price: $3,199,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 10
  • Additional Information
  • County: LOS ANGELES
  • City: Redondo Beach
  • Zipcode: 90278
  • Provided by: The Real Estate Consultants Westside Inc.
  • Contact: Anoop Anoop
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Free-Standing Range
Architectural Style
  1. Contemporary
Building Area Total
  1. 5932.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Cooling
  1. None
Country
  1. US
Current Financing
  1. Private
Electric
  1. Electricity - On Property
Electric Expense
  1. 360.00
Entry Location
  1. front
Exclusions
  1. Tenant personal property
Fencing
  1. Chain Link
  2. Masonry
  3. Wood
Fireplace Features
  1. None
Flooring
  1. Carpet
  2. Tile
  3. Wood
Foundation Details
  1. Raised
Fuel Expense
  1. 0.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 1140.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 4800.00
Laundry Features
  1. Common Area
  2. Community
  3. Individual Room
Laundry Income
  1. 1000.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Front Yard
  2. Lot 6500-9999
  3. Park Nearby
Netoperatingincome
  1. 158200.00
Newtaxesexpense
  1. 40000.00
Parcel Number
  1. 4153020003
Parking Features
  1. Assigned
  2. Driveway
  3. Asphalt
  4. Garage
  5. Garage - Single Door
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Roof
  1. Composition
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426681641:CRM
Taxblock
  1. 27
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
Totalactualrent
  1. 17500.00
Totalexpenses
  1. 51800.00
Trash Expense
  1. 2200.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
Water Sewer Expense
  1. 3300.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 1959
Year Built Source
  1. Assessor
Zoning
  1. RBR-3