2600 Mathews Avenue

Redondo Beach, CA 90278

$2,320,000

Closed

  • 6,120Sq. Ft.
  • 7,494Lot Size (Sq.Ft.)

Rare 7 unit building in Redondo Beach where the rental market is very strong. Within a few minutes from the beach, surrounded by shoppes and restaurants, this is a highly desirable area in South Bay. Just a few Miles from Silicon Beach where the growth potential is unlimited. Equipped with a separate meter for gas and electric for all 7 units, including one car garage per unit. Most tenants are long-term stable tenants with month-to-month lease. Great buy and hold steady cash flow. HUGE unrealized upside rent 30% below market, possible future update and or aesthetic improvement to significantly increase property value. Zone RBR-3 (apartment house 5+unit)

Key Details

  • Type: Residential Income
  • Year Built: 1962
  • Days on Market: 35
  • Close Date: February 28th, 2019
  • Status: Closed
  • Closed Price: $2,320,000
  • PPSF: $379
  • Orig. list price: $2,400,000
  • Date Listed: October 11th, 2018
  • MLS® #: SB18248144
  • APN: 4153021013
  • APN: 4153021013
  • Special:

Additional Info

  • Stories: 2
  • Stories: Two
  • Parking Spaces: 7
  • Garage Spaces: 7

Community Information

  • Area: N. Redondo Beach/Villas North (151)
  • City/State: Redondo Beach, CA
  • Zip Code: 90278
  • County: Los Angeles

Exterior

  • Lot Description: 36-40 Units/Acre
  • Lot Size (sq. ft.): 7,494
  • Lot Size (acres): 0.17

Interior

  • Square Footage: 6,120
  • Appliances: None
  • Heating: Wall Heater, Natural Gas
  • Cooling: None
  • DescriptionLaundry: None

Price History for 2600 Mathews Avenue, Redondo Beach, CA (MLS® #SB18248144)

Date Details Price Change
Closed $2,320,000
Pending (from Active)
Property Listed $2,400,000

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Based on information from California Regional Multiple Listing Service, Inc. as of June 19th, 2019 at 4:12am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.