2022 Mathews Avenue

Redondo Beach, CA 90278
Courtesy of Lyon Stahl Investment Real Estate, Inc.
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Introducing 2022 Mathews Ave, boasting one 2-bedroom 1-bath unit and three 1-bedroom 1-bath units plus office/den. 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, a full copper plumbing upgrade, interior renovations in 3 of 4 units, minor roof touch ups, a recently installed privacy fence and paint job. This property is being delivered at 3.46% CAP and 19.12 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! 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.
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  • Property Details
    • Property
      • Lot description:RectangularLot
    • Measurements
      • Acres:0.1723
  • 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
  • Financial Details
    • Pricing Details
      • Original List Price:$2, 200, 000
      • Selling Office Commission:2.000
  • Other
    • Source
      • MLS #:SB21233782


Marjorie CrowReal Estate Group
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