2516 Mathews Avenue

Redondo Beach, CA 90278

$3,150,000
Price
12
Beds
8
Baths
5,932 Sq. Ft.
$531 / Sq. Ft.
5,932
Sq. Ft.
$531
per Sq. Ft.
a front view of a house with a yard
a front view of a house with a yard
a view of a house with a balcony
a view of a street with a building in the background
a front view of a house with a yard
a view of a house with a wooden door
a view of empty room with wooden floor
a view of a room with wooden floor and bathroom
a bathroom with a sink and a mirror
a view of a refrigerator in kitchen and a living room
a stove top oven sitting inside of a kitchen
a view of an empty room with closet and a window
a view of empty room with wooden floor and fan
a view of an empty room with wooden floor and a sink
a view of a room with wooden floor and window
a view of an empty room and wooden floor
a view of an empty room with wooden floor and a window
a bathroom with a toilet sink and mirror
a bathroom with a toilet sink and mirror
a view of a hallway with wooden floor
a bathroom with a toilet a sink and mirror
a view of an empty room with wooden floor and a window
a view of a kitchen from a hallway
a kitchen with sink a refrigerator and a stove
wooden floor in an empty room with a window
a view of an empty room with wooden floor
a bathroom with a toilet a sink and mirror
a view of front door
a bathroom with a sink a toilet and mirror
a view of empty room with window
a view of empty room
a view of a livingroom with wooden floor and stairs
a view of a room with wooden floor and a bathroom
a view of a room with wooden floor
an empty room with wooden floor and windows
a view of a small space
an empty room with wooden floor and entrance
wooden floor in an empty room with a window
a view of empty room with wooden floor
an empty room with windows
a view of a room with wooden floor
a bathroom with a sink toilet and a bathtub
a bathroom with a sink toilet and window
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a kitchen with granite countertop a stove and a refrigerator
a large kitchen with cabinets wooden floor and stainless steel appliances
a stove top oven sitting inside of a kitchen
a kitchen with wooden floors and white appliances
a view of an empty room and window
a bathroom with a sink a toilet and a bathtub

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 $17,538 per month or $210,456 yearly rent. Property listed for only 14.96 GRM & about 5 CAP ! Building has a common laundry room....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 $17,538 per month or $210,456 yearly rent. Property listed for only 14.96 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.
  1. Listed by Anoop Garg • DRE #1060730 • Brokerage DRE #01481925 • The Real Estate Consultants Westside Inc. • 1anoopgarg@gmail.com

Property Details for 2516 Mathews Avenue

Architectural Style
Contemporary
Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5932
LISTING UPDATED: 11/25/2024 12:57 AM

Property Details for 2516 Mathews Avenue

StatusActive
MLS #IN24227973
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
CountyLos Angeles County

Building Information for 2516 Mathews Avenue

Building/Complex2516 Mathews AveFloor-Stories2Residences-Pet Policy-Year Built1959Building Size-

Property Information for 2516 Mathews Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $210,456
  • Gross Scheduled Income: $210,456
  • Net Operating Income: $159,281
  • Laundry Income: $1,000
  • Gross Multiplier: 15.0
  • Cap Rate: 5.0
  • Current Financing: Private
Expense Details
  • Operating Expense: $51,175
  • New Taxes Expense: $39,375
  • Gardener Expense: $1,140
  • Fuel Expense: $0
  • Electric Expense: $360
  • Insurance Expense: $4,800
  • Professional Management Expense: $0
  • Trash Expense: $2,200
  • Water Sewer Expense: $3,300
  • Total Expenses: $51,175
Tax / Assessment Info
  • Tax Block: 27
  • Tax Tract Number: 2
  • Tax Census Tract: 6205.21
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Biking, Park, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: Free-Standing Range
  • Equipment: Community, Laundry Area, Room
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Tile, Wood
Exterior Features
  • Window Features: Double Pane Windows
  • Roof: Composition
  • Entry Location: front
  • Fence: Yes
  • Fence: Chain Link, Masonry, Wood
  • Fencing: Chain Link, Masonry, Wood
  • Foundation Details: Raised
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Lot 6500-9999, Park Nearby
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage, Garage - 1 Car
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Asphalt, Garage, Garage - Single Door
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,380
  • Unit Type Total Rent: $2,380
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,380
  • Unit Type Total Rent: $2,380
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,390
  • Unit Type Total Rent: $2,390
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,998
  • Unit Type Total Rent: $1,998
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,990
  • Unit Type Total Rent: $1,990
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number With Range: 8
  • Number With Disposal: 8

Property History for 2516 Mathews Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2516 Mathews Avenue

Taxable ValueLand$1,122,000Additions$1,531,750Total$2,653,750
Tax Record2024$32,042 ($2,670 / month)
Home Facts
Total Finished SqFt5,932 SqFtAbove Grade Finished SqFt5,932 SqFtLot Size9,909 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningRBR-3CountyLOS ANGELESAPN4153-020-003

Schools near 2516 Mathews Avenue

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Madison Elementary School
Public - K to 5
Adams Middle School
Public - 6 to 8
Redondo Union High School
Public - 9 to 12
Redondo Beach Virtual Learning
Public - K to 12
Rating
School
Distance
Madison Elementary School
PublicK to 5

Adams Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

Redondo Beach Virtual Learning
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near North Redondo Beach

Neighborhoods

Cities

ZIPs

More information about 2516 Mathews Avenue, Redondo Beach, CA 90278

2516 Mathews Avenue is a multi-family home for sale in Redondo Beach, CA 90278. This property was listed for sale on November 5, 2024 by The Real Estate Consultants Westside Inc., it's currently listed at $3,150,000. It has been on the market for a total of 24 days and was last sold on February 13, 2023. This listing's school district is Redondo Beach Unified School District. Nearby schools include Madison Elementary School, Adams Middle School and Redondo Union High School. 2516 Mathews Avenue is a 12-bed, 8-bath, 5,932 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Consultants Westside Inc., Anoop Garg, DRE #1060730

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.