2516 Mathews Avenue new Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90278
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,932 sqft
Price per Sqft $539
MLS Listing ID CRIN24227973
HOA Y/N No
Year Built 1959
Lot Size 9,911 Sqft
Acres 0.23
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 Listing
Zoning RBR-
Interior
Heating Wall Furnace
Cooling None
Flooring Tile,Carpet,Wood
Fireplace No
Laundry Community Facility,Laundry Room,Other
Exterior
Parking Type Assigned,Other
Building
Lot Description Other,Front Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 4153020003