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Listing courtesy of: CRMLS / Lyon Stahl Investment Real Estate, Inc. / Austin Zahn
     
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2022 Mathews Avenue

Redondo Beach, CA 90278

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  • 0.17 Acres
Closed
 
Jocelyn Backes
Real Estate Group
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Description

Introducing 2022 Mathews Ave, boasting four 2-bedroom 1-bath units. These units benefit from a fantastic North Redondo location with local shops and restaurants close by. All units include 1 off-street parking space and in unit washer & dryers. Recent renovations include but are not limited to, interior renovations in 3 of 4 units, minor roof touch ups, a recently installed privacy fence and paint job. This property read more is being delivered at 3.35% CAP and 20 GRM with 25% upside in current rents. All units are currently occupied, 3 of 4 on annual leases, 1 on month to month, all tenants are current on rents. Eligible for attractive residential financing! Ask the listing agent about a 40 year fixed loan option at roughly 3.75% up to 80% LTV, first 10-years fixed interest only then rolls to a 30-year amortized loan with no rate adjustment.

Property Details

Property

  • Lot Description: RectangularLot

Measurements

  • Acres: 0.17

Construction Details

Type & Style

  • Property Type: Investment

Condition

  • Year Built: 1930

Utilities / Energy Details

Utility

  • Sewer Information: PublicSewer
  • Utility Source: Public

Community and Neighborhood Details

Location

  • County: Los Angeles

Other

Source

  • MLS #: SB21233782

This listing provided courtesy of California Regional Multiple Listing Service ("CRMLS"). The information contained in this listings had not been verified by us or the MLS and should be verified by the buyer.

Last Updated: Nov 22nd, 2021. Source: CRMLS

Location

2022 Mathews Avenue Redondo Beach, CA 90278
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Agent

Jocelyn Backes
Real Estate Group

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Jocelyn Backes
Real Estate Group
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Jocelyn Backes

Jocelyn Backes

Beach City Brokers

Our office is located at 200 South Pacific Coast Highway.
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