2600 Mathews Avenue

Redondo Beach, CA 90278

$3,377,500
Last Sold Price
9
Beds
7
Baths
6,120 Sq. Ft.
$552 / Sq. Ft.
6,120
Sq. Ft.
$552
per Sq. Ft.

Description

We are proud to present 2600 Mathews Avenue, a completely remodeled 7 unit property in Redondo Beach. Top to bottom renovation just completed. Unit mix consists of 2-3BR/1BA, 2-2BR/1BA and 3-1BR/1BA. Kitchens are brand new and include white slow close shaker cabinets, quartz kitchen counters, designer tiled backsplashes and stainless steel appliances. Bathrooms have new modern themed vanities, designer tiled shower enclosures and lighted mirrors, other modern finishes. New hardwood luxury vinyl flooring...We are proud to present 2600 Mathews Avenue, a completely remodeled 7 unit property in Redondo Beach. Top to bottom renovation just completed. Unit mix consists of 2-3BR/1BA, 2-2BR/1BA and 3-1BR/1BA. Kitchens are brand new and include white slow close shaker cabinets, quartz kitchen counters, designer tiled backsplashes and stainless steel appliances. Bathrooms have new modern themed vanities, designer tiled shower enclosures and lighted mirrors, other modern finishes. New hardwood luxury vinyl flooring throughout. All new windows, doors and exterior lighting. Ample onsite garaged parking with brand new electric doors. New outdoor patio area surrounded by lush planter boxes. Units are individually metered for gas and electricity. Also wired for WiFi and DirectTV packages. The property is 100% leased and stabilized with great tenants paying close to market rent…..a huge advantage with pending statewide rent control. Current gross monthly income of $19,750 and annual SGI of $237,000. Priced at 14.32 GRM (actual) and 4.63% CAP (actual).
  1. Listed by Brian Estes • DRE #01394559 • Brokerage DRE #01508014 • Re/Max Commercial & Investment

Property Details for 2600 Mathews Avenue

Parking Spaces Total
7
Private Pool
No
Cooling Type
N/K
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6120
Assessor Parcel Number
4153-021-013

Location

Listing Courtesy of Re/Max Commercial & Investment, Brian Estes, DRE #01394559

Sold By James Capital Advisors, Inc., John Katnik, DRE #02002695

Add your commute
LISTING UPDATED: 04/17/2020 08:07 AM

Property Details for 2600 Mathews Avenue

StatusClosed
MLS #SB20002872
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.17 AC / 7,494 SF
CountyLos Angeles County

Location

Listing Courtesy of Re/Max Commercial & Investment, Brian Estes, DRE #01394559

Sold By James Capital Advisors, Inc., John Katnik, DRE #02002695

Add your commute

Building Information for 2600 Mathews Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.17 AC / 7,494 SF

Payment Calculator

$21,901 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,432

Property Taxes

$3,469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2600 Mathews Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $237,000
  • Gross Scheduled Income: $237,000
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $229,890
  • Net Operating Income: $157,200
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $72,690
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $72,690
Tax / Assessment Info
  • Tax Block: 26
  • Tax Tract Number: 2
  • Tax Census Tract: 6205.21
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Ice Maker, Refrigerator
  • Equipment: Dishwasher, Ice Maker, Inside, Refrigerator, Washer
  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating: Central
  • Flooring: Vinyl
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,975
  • Unit Type Total Rent: $5,950
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $7,200
  • Unit Type Pro Forma: 7500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 2600 Mathews Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2600 Mathews Avenue

Taxable ValueLand$2,102,356Additions$1,447,997Total$3,550,353
Tax Record2023$41,629 ($3,469 / month)
Home Facts
Total Finished SqFt6,120 SqFtAbove Grade Finished SqFt6,120 SqFtLot Size7,494 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningRBR-3CountyLOS ANGELESAPN4153-021-013

Schools near 2600 Mathews Avenue

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

Adams Middle School
Public6 to 8

Redondo Union High School
Public9 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Commercial & Investment, Brian Estes, DRE #01394559

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.