NOT LISTED FOR SALE

2516 Mathews Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood
12 Beds
8 Baths
5,932 Sq Ft
9,909 Sq Ft Lot

Last Sold February 13, 2023

Last sale price $2,600,000 $438 Per Sq Ft

4 Days on Market

Highlights

  • 0.23 Acre Lot
  • Madison Elementary School Rated A+
  • Laundry Room

About This Home

As of February 2023

The subject property consists of 4 2bedroom 1 bath and 4 1bedroom 1bath apartments total of 8 units. The building and separately metered for electric and gas. Plenty of parking each unit has its own garage.

Last Agent to Sell the Property

Tony Salazar

AMC Realty License #01179492 Listed on: 09/08/2022

Last Buyer's Agent

Tony Salazar

AMC Realty License #01179492 Listed on: 09/08/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 9,909 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,932 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 5 / 27
  • Tax Tract Number 2
  • Assessor Parcel Number 4153020003
  • $2,882 per year additional tax assessments

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,500
  • Professional Management Expense $4,480
  • Trash Expense $200
  • Water Sewer Expense $500
  • Operating Expense $9,680
  • Gross Income $149,828
  • Net Operating Income $132,428

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 4480.00
  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: RBR-3
  • Property Type: Residential Income
  • Parcel Number: 4153020003
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 438.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9909.00
  • Lot Size Acres: 0.2275

Multi Family

  • Gross Income: 149828.00
  • Gross Scheduled Income: 149828.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 9909.0000 Square Feet
  • Net Operating Income: 132428.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 17400.00
  • Rent Control: No
  • Total Expenses: 9680.00

Tax Info

  • Tax Block: 27
  • Tax Census Tract: 6205.21
  • Tax Lot: 5
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 2882.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2023 02/13/23 Sold $2,600,000 -13.3% $438 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $2,999,900 -- $506 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tony Salazar

    AMC Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22196928

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Redondo Beach 90278 North Redondo Beach

2516 Mathews Ave, Redondo Beach, CA

Not Listed for Sale

MultiFamily

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