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Listed by Anoop Garg • The Real Estate Consultants Westside Inc.
$ 3,299,000
Est. payment /mo
Active
2516 Mathews Avenue Redondo Beach, CA 90278
5,932 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,932 sqft
Price per Sqft $556
MLS Listing ID CRIN25067459
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1959
Lot Size 9,911 Sqft
Property Sub-Type Other
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
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Carpet, Wood
Fireplace No
Laundry Community Facility, Laundry Room, Other
Building
Lot Description Other, Front Yard
Water Public
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