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2516 Mathews Avenue

Redondo Beach, CA 90278

– beds
– baths
– sqft
9,911 sqft lot
1959 build
– on site

Excellent Location in No. Redondo Beach. 8 units. and 8 garage spaces. What an opportunity ! 4 units are 2 bedroom and 1 bath and 4 units are 1 bedroom 1 bath. Almost 6000 SF building, All units are large SF. Bonus Extra-large lot 9911 SF !. Average 1 bedroom rent $2040 per month and 2 bedroom rents for about $2500 per month. Currents rental income for 8 units total $17,913 per month or $214,956 yearly rent. Property listed for only 15.3 GRM & about 5 CAP !! Building has a common laundry room. Current owner has recently done many upgrades, such as, New asphalt driveway, New double pane security windows in all units-35 total windows, 5 New garage doors, New exterior paint, New drain lines under the building, new copper water supply lines under the building Etc. Units have been remodeled as they become vacant. Low maintenance Building. Close to Artesia Blvd. with all services, grocery store & Restaurants. Please do not talk to the tenants or disturb tenants. Submit offers 'Subject to interior inspection'. This is an excellent opportunity with great rental location, Large Lot & Building Square Footage, good income, low expenses, low maintenance and great tenants. An ideal scenario for the landlord/owner to purchase and manage.

Listed By CRMLS_CA / Anoop Garg / The Real Estate Consultants Westside Inc.

Last checked: Checking… • Last updated Mar 29, 2025 •

MLS# IN25067459 —

The Building

Year Built:

1959
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

5932.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

1
Architectural Style:

Contemporary
Roof:

Composition
Foundation:

Raised
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

9
# of Separate Water Meters:

1
# of Separate Electric Meters:

9

Interior

Levels:

Two
Entry Location:

front
Window Features:

Double Pane Windows
Flooring:

Carpet, Tile, Wood
Fireplace:

No
Fireplace:

None
Laundry:

Common Area, Community, Individual Room
Laundry:

1

Financial & Terms

Disclosures:

LA/Owner Related, Listing Broker Advantage, Principal Is RE Licensed, Rent Control

Location

Directions:

North Of Artesia & West of Inglewood Ave. in North Redondo Beach
Latitude:

33.87355400
Longitude:

-118.36493400

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

RBR-3
Lot Features:

Front Yard, Lot 6500-9999, Park Nearby
Lot Size Area:

9911.0000
Lot Size Acres:

0.2275
Lot Size SqFt:

9911.00
Lot Size Source:

Assessor
Fencing:

Chain Link, Masonry, Wood
Fence:

Yes
Exclusions:

Tenant personal property
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

27
Tax Census Tract:

6205.21
Tax Tract:

2
Tax Lot:

5

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4153020003

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Electricity - On Property
Water Source:

Public

Appliances

Appliances:

Free-Standing Range
Included:

Yes

The Community

Features:

Biking, Park, Sidewalks, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Assigned, Driveway, Asphalt, Garage, Garage - Single Door
Parking Spaces:

8.00
Garage Spaces:

8.00

Extra Units

Number With Disposal:

8

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
3/27/25 Mar 27, 2025	Listed / Active	CRMLS_CA	$3,299,000	26.9% (12.7% / YR)
12/5/24 Dec 5, 2024	Price Changed	CRMLS_CA
11/25/24 Nov 25, 2024	Price Changed	CRMLS_CA

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This multifamily located in North Redondo Beach, Redondo Beach, CA 90278 is currently for sale for $3,299,000. 2516 Mathews Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 2516 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 Madison Elementary School, Adams Middle School, and Redondo Union High School.

Listing Courtesy of: CRMLS_CA and The Real Estate Consultants Westside Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 08:59 on Mar 31.

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.