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2204 Mathews Ave
Redondo Beach, CA 90278
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Value-Add 6-Unit in North Redondo Just North of Artesia Blvd
- (3) 2-Car Garages + (6) Driveway Spaces | Potential to Convert Garages Into ADUs (Buyer to Verify)
- 37% Rental Upside | 6.43% Market Cap | 11.11 Market GRM
- Great Unit Mix: (6) 2-Bed/1-Bath Units | (2) of the Units are Recently Remodeled
- 4.06% CAP | 15.25 GRM | $400,000/Unit
- Well-Located in North Redondo, Appx 10 Minutes to the Manhattan Beach Pier, Redondo Performing Arts Center, Hermosa Beach Pier, and Mira Costa
Property Facts
| No. Units | 6 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 4,125 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1958 |
| Zoning | RBR-3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,125 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Zoning | RBR-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $2,070 | - |
Property Taxes
| Parcel Number | 4155-032-015 | Improvements Assessment | $94,850 |
| Land Assessment | $44,581 | Total Assessment | $139,431 |
Property Taxes
Parcel Number
4155-032-015
Land Assessment
$44,581
Improvements Assessment
$94,850
Total Assessment
$139,431
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