2202 Mathews, Redondo Beach, CA 90278
Local realty services provided by:CENTURY 21 Valley Properties
2202 Mathews,Redondo Beach, CA 90278
$1,800,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: jonathan coleman
Office: beach city brokers310-543-3536
MLS#:SB26075064
Source:CRMLS
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Price summary
- Price:$1,800,000
About this home
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....
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Home facts
- Year built:1957
- Listing ID #:SB26075064
- Added:59 day(s) ago
- Updated:June 09, 2026 at 06:45 AM
Heating and cooling
- Heating:Natural Gas, Wall Furnance
Structure and exterior
- Year built:1957
- Lot Features:Front Yard, Lawn, Near Public Transit, Rectangular Lot, Street Level
- Architectural Style:Contemporary
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,800,000
Parking
- Total parking spaces:6
- Parking description:Driveway, Garage, On Site, Paved
- Garage:Yes
- Garage spaces:6
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