2202 Mathews Ave

Redondo Beach, CA 90278

$1,799,000
Price
6
Beds
6
Baths
3,013 Sq. Ft.
$597 / Sq. Ft.
3,013
Sq. Ft.
$597
per Sq. Ft.
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Pending
Pending
Updated and Well Maintained 6-Unit Income Property with a Newer Roof, Electric Panels, Wall Heaters, Exterior Paint,, Stair & Balcony Railings, Vinyl Windows Front Yard Fencing.
The Property Consists of Six 1 Bedroom 1 Bath Units in a Great North Redondo Location.
The Property has a Large Front Yard and Nice Landscaping. The Property is Well Located Just One Block From a Large Grocery, Store, CVS Pharmacy, Public Trransportaion, and Other Stores, Restaurants and Entertaiment.
The Property Has Three Double Garages, Providing Enclosed Parking for the Six Units.
There is a Wide Open Driveway Approach to the Garages.
The Driveway Approach is Deep and Open for Easy Access.
The long Driveway Leads From the Front of the Propeerty to the Rear Garages.
The Large Front Yard Area Recently had a Privacy Fence Surround Installed Offering Secure Use by the Tenants.
The Front Yard is Spacios With a Nice Lawn and Shrubbery.
All of the Units Have Easy Access to the Open Front Yard.
There are Three Units on the Lower Level Surrounded By Lush Landscaping Offering Tranquil Privacy. This is the View From the Front Of the Lower Level
This is the View of the Three Lower Level Units From the Rear of the Property.
The Front Stairway Leading to the Upper Level Units Has Nice Adjacent Landscaping.
The Front Stairway Leads to the Upper Level Fron the Front Yard. With New Railings.
There is a Second Rear Stairway Adjacent to the Garages Leading to the Upper Level.
There are Three Units on the Upper Level Enclosed by the New Railings. This is the View Looking From the Front of the Building Towards the Rear.
The Uppler Level Balcony Overlooks the Central Yard and Landscaping Trees.
This is the View of the Upper Level Balcony Looking From the Rear to the Front.
This is the View Looking Down to the Front Yard From the Front Upper Level Unit.
The Central Yard Area Offers Privacy and a Nice Community Area For The Tenants.
The Building and Garage Has a Complete Recently Installed Roof.
There is a Community Laundry Room With a Coin Operated, Seller Owned Washer and Dryer

Description

Welcome to 2202 Mathews Ave. This is an Exceptional Investment Opportunity in a Prime Desirable North Redondo Beach Location. This Well Maintained and Recently Improved and Upgraded Property features Six 1-Bedroom, 1 Bath Units, along with Six Enclosed Parking Spaces for each tenant, located within Three Double Garages at the rear of the building. The property also offers an Enclosed Grassy Front Yard, an Enclosed Central Yard, and a Separate Laundry Room with Seller Owned Equipment. The building...Welcome to 2202 Mathews Ave. This is an Exceptional Investment Opportunity in a Prime Desirable North Redondo Beach Location. This Well Maintained and Recently Improved and Upgraded Property features Six 1-Bedroom, 1 Bath Units, along with Six Enclosed Parking Spaces for each tenant, located within Three Double Garages at the rear of the building. The property also offers an Enclosed Grassy Front Yard, an Enclosed Central Yard, and a Separate Laundry Room with Seller Owned Equipment. The building encompasses 3,013 sq. ft. and is situated on a 7,496 sq. ft. 50’ x 150’ R-3 Zoned Lot. It includes Separate Electric and Gas Meters, with Utilities and Service (except for water paid by the tenants. The property has been Recently Upgraded with a New Roof, Exterior Paint, Electric Panels, Wall Heaters, Stairs and Balcony Railings, Vinyl Windows, and the Front Yard Fence. All units are occupied by Stable Long Term Tenants on month-to-month rental agreements, with rents recently increased. In addition to its current performance, with an estimated 4.13 Cap Rate and a 16.9 GRM, this Stabilized Asset Offers Long-Term Value and Upside Potential, including Attractive and Predictable Estimated 7% to 8% Annual Rent Increases. Ideally located in North Redondo, the property is Just Minutes from the Manhattan Beach Pier, Hermosa Beach Pier, Redondo Performing Arts Center, The Galleria Mall, Parks, Schools, and The 405 Freeway. It is also one block from The Grocery Outlet, Dollar Tree, CVS Pharmacy, and Public Transportation, with Close Proximity to a wide array of Shopping, Dining, and Entertainment Options. This Exceptionally Priced Property Presents a Compelling Opportunity as a Reliable and Attractive Investment for the First Time Income Property Buyer or the Seasoned Investor Adding to their Portfolio. PLEASE DO NOT DISTURB THE TENANTS OR ENTER THE PROPERTY

Where Can You Find A 6-Unit Property At This Price In The Beach Cities - Right Here At 2202 Mathews Ave. - This is Priced to Sell — Don’t Wait.
  1. Listed by Jonathan Coleman • DRE #00808758 • Brokerage DRE #01311124 • Beach City Brokers • 310-991-0929

Property Details for 2202 Mathews Avenue

Architectural Style
Contemporary, See Remarks
View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
None
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 05/14/2026 03:51 AM

Property Details for 2202 Mathews Avenue

StatusPending
MLS #SB26075064
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1957
CountyLos Angeles County
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Location

Listing Courtesy of Beach City Brokers, Jonathan Coleman, DRE #00808758
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Building Information for 2202 Mathews Avenue

Building/Complex2202 Mathews AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1957Building Size-

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$11,853 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,965

Property Taxes

$2,888

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2202 Mathews Avenue

Rental Info
Rental Info
  • Tenant Pays: Gas, Cable TV, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $106,104
  • Gross Scheduled Income: $106,104
  • Net Operating Income: $74,272
  • Gross Multiplier: 16.95
  • Cap Rate: 4.13
Expense Details
  • Operating Expense: $31,831
  • Operating Expense Percent: 30.00%
  • Insurance Expense: $4,000
  • Professional Management Expense: $570
  • Trash Expense: $225
  • Water Sewer Expense: $375
  • Total Expenses: $31,831
Tax / Assessment Info
  • Tax Block: 112
  • Tax Tract Number: B
  • CFD/Mello-Roos Fee: $2,254
  • Tax Lot: 15
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Street Lights, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room, See Remarks
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas, Wall Furnace
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
Exterior Features
  • Entry Location: Front of Building
  • Fence: Yes
  • Fencing: Good Condition
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit, Sprinklers Timer, Front Yard, Sprinkler System, Lawn
  • Direction Faces: North
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Garage, Paved, On Site, Driveway
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,258
  • Unit Type Total Rent: $1,258
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,344
  • Unit Type Total Rent: $1,344
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,380
  • Unit Type Total Rent: $1,380
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 6
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,830
  • Unit Type Total Rent: $1,830
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,830
  • Unit Type Total Rent: $1,830
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 2202 Mathews Avenue

DateEvent & SourcePriceAppreciation
May 14, 2026

Pending

CRMLS #SB26075064

—
Apr 23, 2026

Pending

CLAW #SB26075064MR

—
Apr 23, 2026

Accepting Backup Offers

CLAW #SB26075064MR

—
DateEvent & SourcePrice
05/14/2026

Pending

CRMLS #SB26075064

—
04/23/2026

Pending

CLAW #SB26075064MR

—
04/23/2026

Accepting Backup Offers

CLAW #SB26075064MR

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2202 Mathews Avenue

Taxable ValueLand$44,581Additions$65,626Total$110,207
Tax Record2025$34,651 ($2,888 / month)
Home Facts
Total Finished SqFt3,013 SqFtAbove Grade Finished SqFt3,013 SqFtLot Size7,494 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningRBR-3CountyLOS ANGELESAPN4155-032-016

Schools near 2202 Mathews Avenue

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Madison Elementary School
Public - K to 5
Adams Middle School
Public - 6 to 8
Redondo Union High School
Public - 9 to 12
Redondo Beach Virtual Learning
Public - K to 12
Rating
School
Distance
Madison Elementary School
PublicK to 5

Adams Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

Redondo Beach Virtual Learning
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Beach City Brokers, Jonathan Coleman, DRE #00808758

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.