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2204 Mathews Avenue

Redondo Beach, CA 90278

– beds
– baths
– sqft
7,471 sqft lot
1958 build
– on site

2204 Mathews Ave is a well-positioned 6-unit apartment building in the desirable North Redondo Beach neighborhood, just north of Artesia Blvd. Offering a strong unit mix of (6) 2-bed/1-bath units, the property provides spacious layouts and modern appeal, with two of the units recently remodeled. This value-add opportunity allows investors to capitalize on significant rental growth while benefiting from a well-maintained asset. The property offers ample parking with (3) 2-car garages and (6) driveway spaces, a highly sought-after feature in this vibrant beachside community. Additionally, the garages present a potential ADU conversion opportunity (buyer to verify), allowing for further income generation. With a 4.06% CAP rate, 15.25 GRM, and a price of $400,000 per unit, this asset delivers strong in-place income with 37% rental upside, allowing for substantial returns as rents are brought to market levels. A projected 6.43% market CAP and 11.11 market GRM further highlight the long-term value this property presents. Well-located in North Redondo, this property is just 10 minutes from the Manhattan Beach Pier, Hermosa Beach Pier, Redondo Performing Arts Center, and Mira Costa High School, providing tenants with access to top-rated schools, beaches, entertainment, and shopping. With its coastal proximity, strong appreciation potential, and value-add upside, this is an excellent investment opportunity in one of LA’s most in-demand rental markets.

Listed By CRMLS_CA / Brett Lyon / Lyon Stahl Investment Real Estate, Inc. / 3107801899

Last checked: Checking… • Last updated Mar 17, 2025 •

MLS# SB25058235 —

The Building

Year Built:

1958
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4125.00
Building Area Units:

Square Feet
Total Number Of Units:

6
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

7
# of Separate Water Meters:

1
# of Separate Electric Meters:

7

Interior

Entry Location:

1
Laundry:

Common Area
Laundry:

1

Location

Directions:

3 Parcels from the corner of Mathews ave and Ridnge Ln
Latitude:

33.87353900
Longitude:

-118.37224300

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

RBR-3
Lot Features:

6-10 Units/Acre
Lot Size Area:

7471.0000
Lot Size Acres:

0.1715
Lot Size SqFt:

7471.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

112
Tax Census Tract:

6205.22
Tax Tract:

B
Tax Lot:

14

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4155032015
Showings Begin:

2025-03-17

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Biking
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

12.00
Garage Spaces:

6.00
Uncovered Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/17/25 Mar 17, 2025	Listed / Active	CRMLS_CA	$2,400,000

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This multifamily located in North Redondo Beach, Redondo Beach, CA 90278 is currently for sale for $2,400,000. 2204 Mathews Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 2204 Mathews Avenue is in the North Redondo Beach neighborhood of Redondo Beach and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Redondo Union High School, Madison Elementary School, and Adams Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 16:56 on Mar 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.