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George Wang, Yuki Furukawac, Charles Hsieh, Fred Chen
Mobile Phone:
310-347-1300
georgekwang@sbcglobal.net

DRE# 01751924
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George Wang, Yuki Furukawac, Charles Hsieh, Fred Chen
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Mobile Phone:
310-347-1300
georgekwang@
sbcglobal.net

DRE# 01751924
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2600 Mathews Avenue,  Redondo Beach CA, 90278 (Residential Income)

Status: Active
MLS#: SB18248144
1of
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Last Updated: 11/13/2018 4:57 PM
Description for 2600 Mathews Avenue Redondo Beach, CA 90278
Rare 7 unit building in Redondo Beach where the rental market is very strong. Within a few minutes from the beach, surrounded by shoppes and restaurants, this is a highly desirable area in South Bay. Just a few Miles from Silicon Beach where the growth potential is unlimited. Equipped with a separate meter for gas and electric for all 7 units, including one car garage per unit. Most tenants are long-term stable tenants with month-to-month lease. Great buy and hold steady cash flow. HUGE unrealized upside rent 30% below market, possible future update and or aesthetic improvement to significantly increase property value. Zone RBR-3 (apartment house 5+unit)
Price
$2,400,000
Los Angeles
SB18248144
Active
Description
Rare 7 unit building in Redondo Beach where the rental market is very strong. Within a few minutes from the beach, surrounded by shoppes and restaurants, this is a highly desirable area in South Bay. Just a few Miles from Silicon Beach where the growth potential is unlimited. Equipped with a separate meter for gas and electric for all 7 units, including one car garage per unit. Most tenants are long-term stable tenants with month-to-month lease. Great buy and hold steady cash flow. HUGE unrealized upside rent 30% below market, possible future update and or aesthetic improvement to significantly increase property value. Zone RBR-3 (apartment house 5+unit)
Listing Information
Property Type: Cluster, 2 Story
0.17 Acres 7,494 sq.ft. $392.16
1962 Yes- 7 spaces
2
7 Total
Neighborhood
Room Information
No Laundry Facility
Interior Features
None
Gas Heat, Wall Unit
No Fireplace
Exterior / Lot Features
7 Garage Spaces, 7 Parking Spaces, Assigned Parking Space, Attached Carport
None
No Pool
RBR-3
Curbs Walk
Driving Directions
Corner of Felton and Mathews
Financial Considerations
4153021013
$123,600 Income ,$41,700Expense
Listing Price History

Redondo Beach Real Estate

Redondo Beach is located in California. Redondo Beach, California 90278 has a population of 68,166.

The median household income in Redondo Beach, California 90278 is $103,064. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Redondo Beach 90278 is 39.7 years.

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Courtesy: George Wang - Harvest Realtors, Inc.
Licensed in: DRE# 01751924
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Based on information from CARETS as of . The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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