2521 Mathews Avenue,  Redondo Beach CA, 90278 (Residential Income)

5,420 sqft
Status: Sold
MLS#: SB14214823
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Last Updated: 12/3/2016 5:23 PM
Description for 2521 Mathews Avenue Redondo Beach, CA 90278
The Subject Property consists of a 6 unit garden style apartment building with a 5,420 Sq Ft structure, situated on a 50 X 160 lot. The building was constructed in 1962. The exterior of the building has recently been painted. The units are in extremely good condition, overall. 4 of the 6 units have renovated kitchens and many of the bathrooms have been updated. The floors are care laminate and carpet. There are 5 two BR 1 BA units and one 3 BR 2 BA unit being used as a 2 BR 1 BA and a single with no kitchen (easily combined). All the units are flats, the living areas are spacious, especially the rear two units (including the one being used as 2 units), which have very large kitchens and living areas, with large bedrooms and ample closets. There are 6 enclosed garages with new garage doors, plus 3 open parking spaces at the front of the building. All the units (except the single), have private washer and dryer hook-ups. The units are very light and bright and are easily rented for top dollar. This property is conveniently located near the beach (2.5 miles), shopping (South Bay Galleria 1 mile), and freeways (2 miles to the 405 freeway). This is an excellent asset for any portfolio, with exceptional financing available from Chase and others.
Price
Sold Price:
$1,850,000
Sold Date:03/05/2015
Los Angeles
5,420 (approx)
SB14214823
Closed
Description
The Subject Property consists of a 6 unit garden style apartment building with a 5,420 Sq Ft structure, situated on a 50 X 160 lot. The building was constructed in 1962. The exterior of the building has recently been painted. The units are in extremely good condition, overall. 4 of the 6 units have renovated kitchens and many of the bathrooms have been updated. The floors are care laminate and carpet. There are 5 two BR 1 BA units and one 3 BR 2 BA unit being used as a 2 BR 1 BA and a single with no kitchen (easily combined). All the units are flats, the living areas are spacious, especially the rear two units (including the one being used as 2 units), which have very large kitchens and living areas, with large bedrooms and ample closets. There are 6 enclosed garages with new garage doors, plus 3 open parking spaces at the front of the building. All the units (except the single), have private washer and dryer hook-ups. The units are very light and bright and are easily rented for top dollar. This property is conveniently located near the beach (2.5 miles), shopping (South Bay Galleria 1 mile), and freeways (2 miles to the 405 freeway). This is an excellent asset for any portfolio, with exceptional financing available from Chase and others.
Listing Information
Property Type: Cluster, Contemporary, 2 Story
0.17 Acres 5,420 (approx)
1962 Yes- 6 spaces
2 Stucco
Common Hot Water Heater, Public Water Service
Sewer Connected
6 Total
Neighborhood
Room Information
Inside
Interior Features
Garbage Disposal, Gas Range/Cooktop, Carbon Monoxide Detector
Carpet and Other, Laminate
None
Gas Heat
No Fireplace
Alarm -Smoke/Fire,
Unfurnished
Exterior / Lot Features
6 Garage Spaces, 9 Parking Spaces, Assigned Parking Space
Stucco
Composition
None
No Pool
50 X 160
R-3
Block
Sidewalks, Street Lights, Curbs Walk
Driving Directions
From Inglewood Ave, west on Artesion to Phelan, North to Mathews, East to address
Financial Considerations
4153019017
$17,133
$131,700 Income ,$47,519Expense
Listing Price History

Redondo Beach Real Estate

Redondo Beach is located in California. Redondo Beach, California 90278 has a population of 66,800.

The median household income in Redondo Beach, California 90278 is $98,816. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Redondo Beach 90278 is 39.9 years.

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Courtesy: RE/MAX Estate Properties Robert Freedman
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