2022 Mathews Ave. Redondo Beach, CA - Austin Zahn Real Estate

2022 Mathews Ave. Redondo Beach, CA

2022, Mathews Avenue, Area 151, Redondo Beach, Los Angeles County, California, 90278, United States
  • $2,200,000

Overview

  • Property Type
  • Multi Family Home
  • 8
  • Bedrooms
  • 4
  • Bathrooms
  • 4092
  • SQ FT
  • 7504
  • Lot SQ FT
  • 1930
  • Year Built

Description

Introducing 2022 Mathews Ave, boasting four 2-bedroom 1-bath units. These units benefit from a fantastic North Redondo location with local shops and restaurants close by. All units include 1 off-street parking space and in unit washer & dryers. Recent renovations include but are not limited to, a full copper plumbing upgrade, interior renovations in 3 of 4 units, minor roof touch ups, a recently installed privacy fence and paint job. This property is being delivered at 3.35% CAP and 20 GRM with 25% upside in current rents. All units are currently occupied, 3 of 4 on annual leases, 1 on month to month, all tenants are current on rents. Eligible for attractive residential financing! Ask the listing agent about a 40 year fixed loan option at roughly 3.75% up to 80% LTV, first 10-years fixed interest only then rolls to a 30-year amortized loan with no rate adjustment.

Highlights
+ 4 Units, all 2-bedroom 1-bath
+ $109,800 in gross income, offered at a 3.35% CAP and 20 GRM
+ Different levels of upgrades to 3 of 4 units, in-unit washer & dryer in all 4
+ Well kept building, located close to local shops and restaurants

Details

Updated on November 9, 2021 at 11:32 pm
  • Price: $2,200,000
  • Property Size: 4092 SQ FT
  • Land Area: 7504 SQ FT
  • Bedrooms: 8
  • Bathrooms: 4
  • Year Built: 1930
  • Property Type: Multi Family Home
  • Property Status: In Escrow
  • Address 2022 Mathews Ave, Redondo Beach
  • City Redondo Beach
  • State/county California
  • Zip/Postal Code 90278

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Contact Information

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Austin Zahn
  • Austin Zahn
  • 310-613-1251

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