1912 Mathews Ave, Redondo Beach, CA 90278

1912 Mathews Ave, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description

Welcome to your next investment opportunity in Redondo Beach! This amazing 10-unit apartment building was built in 1970 and boasts an ideal unit mix of nine two-bedroom 1.5-bath townhouse-style units, and one spacious 3-bedroom 2-bath, 1,500 sqft house with an attached 2-car garage. Each of the nine townhouse-style units features a well-designed floor plan, offering a comfortable and spacious living area, two generously sized bedrooms, and 1.5 baths. The 3-bedroom house is a rare gem, providing even more living space with an in-unit washer/dryer and an attached 2-car garage for added convenience. Six of ten units have undergone various levels of upgrades. The property is an all electric building with a shared onsite laundry facility to service the nine 2-bedroom units. Located in the heart of Redondo Beach, this apartment building is just minutes away from beautiful beaches, shopping centers, restaurants, and entertainment options. The property is also conveniently located near major freeways, providing easy access to neighboring cities and attractions. With its prime location, amazing unit mix, and rare 3-bedroom house, this property is a perfect investment opportunity for those looking to expand their portfolio. Don’t miss out on this incredible opportunity to own a piece of Redondo Beach!

Property Features

  • Sale Price: $4,800,000
  • Area Size: 10,488 Sq. Ft.
  • Land Area: 0.34 Acres
  • Year Built: 1970
  • Listing Date: 4/22/2023
  • Closing Date: 6/16/2023
  • Units: 10
  • Current NOI: $159,793

Lyon Stahl Investment Real Estate

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