Properties

2600 Mathews Avenue
Redondo Beach, California CA 90278-3334
$3,395,000 Price
Active Status
6,120 SqFt
0.172 Acres
SB20002872 Listing ID
We are proud to present 2600 Mathews Avenue, a completely remodeled 7 unit property in Redondo Beach. Top to bottom renovation just completed. Unit mix consists of 2-3BR/1BA, 2-2BR/1BA and 3-1BR/1BA. Kitchens are brand new and include white slow close shaker cabinets, quartz kitchen counters, designer tiled backsplashes and stainless steel appliances. Bathrooms have new modern themed vanities, designer tiled shower enclosures and lighted mirrors, other modern finishes. New hardwood luxury vinyl flooring throughout. All new windows, doors and exterior lighting. Ample onsite garaged parking with brand new electric doors. New outdoor patio area surrounded by lush planter boxes. Units are individually metered for gas and electricity. Also wired for WiFi and DirectTV packages. The property is 100% leased and stabilized with great tenants paying close to market rent…..a huge advantage with pending statewide rent control. Current gross monthly income of $19,750 and annual SGI of $237,000. Priced at 14.32 GRM (actual) and 4.63% CAP (actual).
Schedule Showing
Status Active
County Los Angeles
Year Built 1962
Price/SqFt $554.74
Property Type Residential Income
Residential Income

Primary Features

Cooling Type: None
County: Los Angeles
Heating Type: Central
Lot Features: Rectangular Lot
MLS Area Major: 151 - N Redondo Bch/Villas North
Special Listing Conditions: Standard
Year Built: 1962
Zoning: RBR-3

Additional

Association: no
Community Features: Urban
Land Lease: no
Laundry Equipment Own Lease: Own
Laundry Features: Inside, Washer Hookup, Washer Included
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 8
Number Of Separate Gas Meters: 8
Number Of Separate Water Meters: 1
Number Of Units Leased: 7
Number Of Units Total: 7
Property Attached: yes
Senior Community: no
Tax Block: 26
Tax Lot: 12
Tax Tract Number: 2
Utilities: Cable Connected
Vacancy Allowance Rate: 3
Water Source: Public
Year Built Source: Assessor

Interior Features

Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Ice Maker, Refrigerator
Appliances: yes
Common Walls: 2+ Common Walls
Cooling: no
Fireplace Features: None
Fireplace: no
Flooring: Vinyl
Garage Spaces: 7
Heating: yes
Levels: Two
Stories Total: 2

Financial Details

Gross Income: 237000
Gross Operating Income: 229890
Gross Scheduled Income: 237000
Net Operating Income: 157200
Operating Expense: 72690
Price Per Unit: 485000
Rent Control: no
Tenant Pays: Electricity, Gas, Water
Total Actual Rent: 19750
Total Expenses: 72690

External Features

Lot Size Area: 7494
Lot Size Square Feet: 7494
Number Of Buildings: 1
Parking Features: Garage
Parking Total: 7
Parking: yes
Pool Features: None
Private Pool: no
Sewer: Public Sewer

Location Information

Country: US

Zoning Info


Area Info


© 2020. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Monday, January 20th, 2020.

Based on information from CARETS as of Monday, January 20th, 2020 03:10:09 PM. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing courtesy of Brian Estes, DRE #01394559 from Re/Max Commercial & Investment

Contact - Listing ID SB20002872

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

Data services provided by IDX Broker
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