NOT LISTED FOR SALE

2408 Mathews Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $2,018,000 - $2,808,000

8 Beds
4 Baths
3,500 Sq Ft
$697/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $1,985,000 $567 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $14,264/month

21 Days on Market

About This Home

As of March 2020

Best Priced 4 Unit in Redondo Beach! 3 out of 4 units can be raised 8.3% upon acquisition! Located at 2408 Mathews Avenue, the property is walking distance to many retail options and very close to the South Bay Galleria. The subject property features a highly desirable mix of four two-bedroom/one-bath units. All the units feature in-unit washer/dryer hookups and private yards. The property has 4 garage spaces and 4 open spaces and is individually metered for gas and electricity.The subject property allows an investor to acquire a rare apartment building in one of the best rental markets in Los Angeles.

Last Agent to Sell the Property

John Katnik

BRC Advisors- BH License #02002695 Listed on: 01/23/2020

BRC Advisors- BH

Last Buyer's Agent

Michael Wright

License #01377035

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,505 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4153-005-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7,505 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3500
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 600.00

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 425166
  • Assessed Land Value: 590381
  • Assessor Parcel Number: 4153-005-008
  • Geocode Override: No
  • Lot Size Area: 7505

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.88
  • Number Of Units: 4
  • Type Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
Mar 12, 2020
Sold by
Isley Paul T and Isley Elizabeth
Bought by
The Third M Llc
Seller's Agent
John Katnik
BRC Advisors- BH
Buyer's Agent
Michael Wright
List Price
$2,100,000
Sold Price
$1,985,000
Premium/Discount to List
-$115,000
-5.48%
Current Estimated Value
$2,370,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,955
Avg. Annual Appreciation
3.51%
Original Mortgage
$1,300,000
Outstanding Balance
$1,142,875
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,294,968

Purchase Details

Closed on
Oct 29, 2013
Sold by
Isley Paul T and Isley Paul T
Bought by
Isley Paul T and Isley Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2012
Closed on
Oct 24, 2012
Sold by
Isley Elizabeth Ann
Bought by
Isley Paul T
Seller's Agent
Ralph Lombardi
South Bay Property Management, Inc.
Buyer's Agent
Stephen Lampe
Re/Max Commercial & Investment
List Price
$950,000
Sold Price
$955,000
Premium/Discount to List
$5,000
0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
Original Mortgage
$150,000
Interest Rate
3.35%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jul 13, 2012
Closed on
Oct 16, 2012
Sold by
Saul James E and Saul Elizabeth L
Bought by
Isley Paul T and Isley Paul T
Seller's Agent
Ralph Lombardi
South Bay Property Management, Inc.
Buyer's Agent
Stephen Lampe
Re/Max Commercial & Investment
List Price
$950,000
Sold Price
$955,000
Premium/Discount to List
$5,000
0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 22, 1999
Sold by
Saul James E and Saul Elizabeth L
Bought by
James Edward and James Elizabeth Lou
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Third M Llc $1,985,000 North American Title
Isley Paul T -- Wfg Title Company
Isley Paul T -- None Available
Isley Paul T $955,000 Old Republic Title Co
James Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Third M Llc $1,300,000
Previous Owner Isley Paul T $550,000
Previous Owner Isley Paul T $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/24/2020 03/24/20 Sold $1,985,000 -5.5% $567 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $2,100,000 +119.9% $600 / Sq Ft
11/21/2012 11/21/12 Sold $955,000 +0.5% $273 / Sq Ft View Prior Sale
10/05/2012 10/05/12 Pending -- -- --
07/13/2012 07/13/12 For Sale $950,000 -- $271 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,748 $2,170,883 $1,421,738 $749,145
2024 $24,748 $2,128,317 $1,393,861 $734,456
2023 $24,291 $2,086,586 $1,366,531 $720,055
2022 $23,966 $2,045,674 $1,339,737 $705,937
2021 $23,399 $2,005,564 $1,313,468 $692,096
2020 $13,349 $1,077,703 $626,515 $451,188
2019 $13,082 $1,056,573 $614,231 $442,342
2018 $12,693 $1,035,857 $602,188 $433,669
2016 $12,282 $995,635 $578,805 $416,830
2015 $12,058 $980,680 $570,111 $410,569
2014 $11,915 $961,471 $558,944 $402,527
Source: Public Records

Agents Affiliated with this Home

  • John Katnik

    Seller's Agent in 2020

    John Katnik

    BRC Advisors- BH

    (310) 956-2291

    68 Total Sales

    John Katnik
    Section Image

  • M

    Buyer's Agent in 2020

    Michael Wright

  • R

    Seller's Agent in 2012

    Ralph Lombardi

    South Bay Property Management, Inc.

    Section Image
  • Stephen Lampe

    Buyer's Agent in 2012

    Stephen Lampe

    RE/MAX

    (310) 802-2500

    1 in this area

    46 Total Sales

    Stephen Lampe
    Section Image
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Map

Source: The MLS

MLS Number: 20-546808

The MLS

APN: 4153-005-008

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2408 Mathews Ave, Redondo Beach, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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