Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    2516 Mathews Avenue, Redondo Beach, CA 90278
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    2516 Mathews Avenue
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    • MLS#: IN24227973 ( Apartment )
    • Street Address: 2516 Mathews Avenue
    • Viewed: 12
    • Price: $3,125,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1959
    • Bldg sqft: 0
    • Days On Market: 48
    • Additional Information
    • County: LOS ANGELES
    • City: Redondo Beach
    • Zipcode: 90278
    • Provided by: The Real Estate Consultants Westside Inc.
    • Contact: Anoop Anoop
    • California Regional MLS IDX
    • DMCA Notice
    • 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. 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.
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    Features
    Appliances
    1. Free-Standing Range
    Architectural Style
    1. Contemporary
    Building Area Total
    1. 5932.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 1 Common Wall
    Cooling
    1. None
    Country
    1. US
    Days On Market
    1. 27
    Current Financing
    1. Private
    Electric
    1. Electricity - On Property
    Electric Expense
    1. 360.00
    Entry Location
    1. front
    Exclusions
    1. Tenant personal property
    Fencing
    1. Chain Link
    2. Masonry
    3. Wood
    Fireplace Features
    1. None
    Flooring
    1. Carpet
    2. Tile
    3. Wood
    Foundation Details
    1. Raised
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 8.00
    Gardner Expense
    1. 1140.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 4800.00
    Laundry Features
    1. Common Area
    2. Community
    3. Individual Room
    Laundry Income
    1. 1000.00
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. Front Yard
    2. Lot 6500-9999
    3. Park Nearby
    Netoperatingincome
    1. 159281.00
    Newtaxesexpense
    1. 39375.00
    Parcel Number
    1. 4153020003
    Parking Features
    1. Assigned
    2. Driveway
    3. Asphalt
    4. Garage
    5. Garage - Single Door
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Roof
    1. Composition
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 426681641:CRM
    Taxblock
    1. 27
    Tenant Pays
    1. Cable TV
    2. Electricity
    3. Gas
    Totalactualrent
    1. 17538.00
    Totalexpenses
    1. 51175.00
    Trash Expense
    1. 2200.00
    Utilities
    1. Electricity Connected
    2. Natural Gas Connected
    3. Sewer Connected
    4. Water Connected
    Views
    1. 12
    Water Sewer Expense
    1. 3300.00
    Water Source
    1. Public
    Window Features
    1. Double Pane Windows
    Year Built
    1. 1959
    Year Built Source
    1. Assessor
    Zoning
    1. RBR-3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836