2204 Mathews Avenue

Redondo Beach, CA 90278

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,125 Sqft
  • 7471
    Sqft(Lot)
$2,400,000

Description

2204 mathews ave is a well-positioned 6-unit apartment building in the desirable north redondo beach neighborhood, just north of artesia blvd. offering a strong unit mix of (6) 2-bed/1-bath units, the property provides spacious layouts and modern appeal, with two of the units recently remodeled. this value-add opportunity allows investors to capitalize on significant rental growth while benefiting from a well-maintained asset.

the property offers ample parking with (3) 2-car garages and (6) driveway spaces, a highly sought-after feature in this vibrant beachside community. additionally, the garages present a potential adu conversion opportunity (buyer to verify), allowing for further income generation. with a 4.06% cap rate, 15.25 grm, and a price of $400,000 per unit, this asset delivers strong in-place income with 37% rental upside, allowing for substantial returns as rents are brought to market levels. a projected 6.43% market cap and 11.11 market grm further highlight the long-term value this property presents.

well-located in north redondo, this property is just 10 minutes from the manhattan beach pier, hermosa beach pier, redondo performing arts center, and mira costa high school, providing tenants with access to top-rated schools, beaches, entertainment, and shopping. with its coastal proximity, strong appreciation potential, and value-add upside, this is an excellent investment opportunity in one of la’s most in-demand rental markets.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48997515

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1958
    • Building Area Total: 4,125

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1715
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7471

  • Listing Price Information

    • Original List Price: 2,400,000
    • Listing Contract Date: 2025-03-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4155032015

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 151 - N Redondo Bch/Villas North
    • Postal Code Plus 4: 3131
    • Directions: 3 Parcels from the corner of Mathews ave and Ridnge Ln
    • Zoning: RBR-3
    • Source Property Type: Residential Income
    • Area: 151 - N Redondo Bch/Villas North
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 67
    • Common Walls: 2+ Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 04/03/2025 @ 15:52

  • MLS: SB25058235
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 4,125 sqft, 7,471 sized lot, and 6 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Redondo Beach , in zip code 90278, this Los Angeles County Home are nearby neighborhoods.