2600 Mathews AVE Redondo Beach, CA 90278
Active
$3,500,000
9%
7 Units
12 Beds
7 Baths
6,120 Area(sq.ft.)
7,496 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,600 | $ 2,600 | $ 2,600 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,150 | $ 2,150 | $ 2,550 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,550 | $ 2,550 | $ 2,550 |
| Unit 4 | 1 | 2 | 1 | No | $ 3,250 | $ 3,250 | $ 3,250 |
| Unit 5 | 1 | 2 | 1 | No | $ 3,000 | $ 3,000 | $ 3,000 |
| Unit 6 | 1 | 2 | 1 | No | $ 3,150 | $ 3,150 | $ 3,150 |
| Unit 7 | 1 | 3 | 1 | No | $ 3,400 | $ 3,400 | $ 3,400 |
| 7 | 7 | 12 | 7 | $ 20,100 | $ 20,100 | $ 20,500 |
| MLS #: | SB24189166MR |
| Days On Market: | 100 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 572 |
| Price per unit: | $ 500,000 |
| Year Built: | 1962 |
Property Details
Welcome to 2600 Mathews Avenue, a remodeled 7-unit property in the heart of Redondo Beach. This stunning renovated building offers a mix of modern and stylish living spaces, featuring one 3-bedroom/1-bath unit, two 2-bedroom/1-bath units, one 2-bedroom +den/1-bath unit and three 1-bedroom/1-bath units. Each unit boasts contemporary kitchens equipped with white "slow-close" shaker cabinets, sleek quartz countertops, designer tiled backsplashes, and stainless-steel appliances. The bathrooms are equally impressive, featuring new modern-themed vanities, designer tiled shower enclosures, lighted mirrors, and other high-end finishes. New hardwood luxury vinyl flooring spans throughout each unit, enhancing the clean and sophisticated feel. Additionally, all units have been updated with new windows, doors, and exterior lighting, ensuring energy efficiency and security. Each unit has interior laundry. Residents will appreciate the ample onsite shared garage parking with brand-new electric doors, as well as the outdoor patio area beautifully framed by lush planter boxes. Each unit is individually metered for gas and electricity, providing convenience and autonomy. Don't miss the chance to own this exquisite turnkey property in one of Redondo Beach's most desirable neighborhoods. WWW.2600MATHEWS.COMInterested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 238,620 |
| Total Annual Expense: | $ 76,689 |
| Net Operating Income: | $ 161,931 |
| Cap Rate: | 4.63% |
| Gross Rent Multiplier: | 14.23 |
| Actual Gross Rent: | $ 20,500 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | RBR-3 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
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