2215 Mathews Avenue
Redondo Beach, CA 90278
MLS #SB17047516

Income
  • 4units
  • 3,480sq ft
$1,850,000
Est. P&I payment: $7065.75/mo
2215 Mathews Avenue, Redondo Beach, CA 90278
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Description for 2215 Mathews Avenue, Redondo Beach, CA 90278
Perfect for the Owner-Occupier or Investor!!! Super charming 4-Plex in the heart of North Redondo....walking distance to shops and restaurants and across the street from a large parking lot to help with neighborhood parking overflow. On a quiet one-way street with easy access to Redondo, Hermosa, Manhattan, and freeways for your commute. Let's not forget about the Award Winning Redondo Beach School District helping to boost those rents up! Well kept and cared for complex with 2 large 2 car garages and a wide driveway so every unit gets a spot in the garage and a spot in the driveway. This single building quadplex boasts a large enclosed yard for pets or outdoor entertaining and cook outs. Two of the units have laundry hookups and 3 out of 4 units have been completely and tastefully remodeled. It's an R3 zoned 50x150 lot. Great income potential here....do not miss out! PLEASE DRIVE BY ONLY....DO NOT WALK THE PROPERTY OR DISTURB ANY OF THE TENANTS. Unit #1: 2 bed/1 bath...Actual rent: $1,895/mo. Pro Forma Rent: $2,100/mo. Unit #2: 2 bed/1 bath...Actual rent: $2,100/mo. Pro Forma Rent: $2,100/mo. Unit #3: 2 bed/1 bath...Actual rent: $1,700/mo. Pro Forma Rent: $2,000/mo. Unit #4: 2 bed/1 bath...Actual rent: $1,625/mo. Pro Forma Rent: $2,000/mo.
MLS #SB17047516
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My Notes for MLS #SB17047516

General Features

  • Number Of Buildings: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Year Built: 1958
  • Year Built Source: Assessor
  • Zoning: RBR-3
  • Elevation Units: Feet

Exterior Features

  • Uncovered Spaces: 4
  • Lot Features: Back Yard
  • Lot Size SqFt: 7,498
  • Lot Size Units: Square Feet
  • Garage Spaces: 4
  • Parking Total: 8
  • Pool Features: None
  • Common Walls: 1 Common Wall
  • Property Attached YN: 1

Interior Features

  • Levels: Two
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area: 840
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Water Source: Public
  • Sewer: Unknown
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Financial Features

  • Gross Scheduled Income: 87,840
  • Insurance Expense: 1,056
  • Net Operating Income: 70,145
  • Operating Expense: 17,695
  • Price Per SqFt: 531.61
  • Total Expenses: 17,695
  • Trash Expense: 984
  • Water Sewer Expense: 1,450
  • Tax Lot: 24
  • Gross Income: 87,840
  • Gross Multiplier: 18.8
  • New Taxes Expense: 13,365
  • Tenant Pays: Cable TV,​Electricity,​Gas,​Telephone
  • Total Actual Rent: 7,320

Community Features

  • Community Features: Curbs,​Sidewalks,​Street Lighting,​Suburban

Miscellaneous Features

  • Building Area Total: 3,480
  • Building Area Units: Square Feet
  • Days On Market: 278
  • Exclusions: All tenant personal property (ask agent for list)
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 278
  • Tax Census Tract: 6,205.22
  • Tax Tract Number: B

Location

 
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Directions to 2215 Mathews Avenue, Redondo Beach, CA 90278
From Artesia go North on Rindge and East on Mathews
Listing information for 2215 Mathews Avenue, Redondo Beach, CA 90278 was graciously provided by our friends at the listing brokerage, Redfin Corporation and by listing agent Ludwig Heidi DRE# 01400091

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/21/2018 at 6:08am
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