$ 1,799,000
-
$1,799,000
Price -
6
Bed -
6
Bath -
3,013
SqFt
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About the Listing S6107 - SCOLEJON
Welcome to 2202 Mathews Ave. This is an Exceptional Investment Opportunity in a Prime Desirable North Redondo Beach Location. This Well Maintained and Recently Improved and Upgraded Property features Six 1-Bedroom, 1 Bath Units, along with Six Enclosed Parking Spaces for each tenant, located within Three Double Garages at the rear of the building. The property also offers an Enclosed Grassy Front Yard, an Enclosed Central Yard, and a Separate Laundry Room with Seller Owned Equipment. The building encompasses 3,013 sq. ft. and is situated on a 7,496 sq. ft. 50’ x 150’ R-3 Zoned Lot. It includes Separate Electric and Gas Meters, with Utilities and Service (except for water paid by the tenants. The property has been Recently Upgraded with a New Roof, Exterior Paint, Electric Panels, Wall Heaters, Stairs and Balcony Railings, Vinyl Windows, and the Front Yard Fence. All units are occupied by Stable Long Term Tenants on month-to-month rental agreements, with rents recently increased. In addition to its current performance, with an estimated 4.13 Cap Rate and a 16.9 GRM, this Stabilized Asset Offers Long-Term Value and Upside Potential, including Attractive and Predictable Estimated 7% to 8% Annual Rent Increases. Ideally located in North Redondo, the property is Just Minutes from the Manhattan Beach Pier, Hermosa Beach Pier, Redondo Performing Arts Center, The Galleria Mall, Parks, Schools, and The 405 Freeway. It is also one block from The Grocery Outlet, Dollar Tree, CVS Pharmacy, and Public Transportation, with Close Proximity to a wide array of Shopping, Dining, and Entertainment Options. This Exceptionally Priced Property Presents a Compelling Opportunity as a Reliable and Attractive Investment for the First Time Income Property Buyer or the Seasoned Investor Adding to their Portfolio. PLEASE DO NOT DISTURB THE TENANTS OR ENTER THE PROPERTY Where Can You Find A 6-Unit Property At This Price In The Beach Cities - Right Here At 2202 Mathews Ave. - This is Priced to Sell — Don’t Wait.
Listing Highlights
Status
Pending
Days on Site
40
Property Type
Multi-Family
MLS ®
SB26075064
Year Built
1957
Total Square Footage
3,013
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Front Yard,Lawn,Near Public Transit,Rectangular Lot,Sprinklers Timer,Sprinkler System,Street Level,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Lot Dimensions: 50' X 150'
- Zoning: RBR-3
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Driveway,Garage,On Site,Paved
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4155032016
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
2202 Mathews Redondo Beach, CA 90278
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