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2022 Mathews Ave, Redondo Beach, CA 90278
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2022 Mathews Ave Redondo Beach, CA 90278

$2,050,000 Sold Price as of 02/02/2022
  • 5 Beds
  • 4 Baths
  • 4,092 Sq.Ft.
Sold
$2,050,000 Sold Price as of 02/02/2022 Refinance Your Mortgage
Map preview of 2022 Mathews Ave, Redondo Beach, CA 90278

Property Overview: 2022 Mathews Ave Redondo Beach, CA has 5 bedrooms, 4 bathrooms, 4,092 living square feet and 7,504 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Austin Zahn | BRE #01936451 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Samuel Murphy | BRE #02098340 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 16 minutes ago | Last updated: December 4th, 2023 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
7,504
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21233782
City
Redondo Beach
County
Los Angeles
Time on Site
913 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,975
  • Total Rent: $1,975
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,425
  • Total Rent: $2,425
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,275
  • Total Rent: $2,275
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,475
  • Total Rent: $2,475
  • Pro Forma/Market Rent: $2,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $109,800
  • Net Operating Income: $73,774
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $32,732
  • Electric: $100
  • Gas/Fuel: $0
  • Trash: $500
  • Insurance: $1,432
  • Water/Sewer: $500

Property Details for 2022 Mathews Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 4155030001
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Head East on Artesia then make a left on Blossom Ln.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Redondo Beach Agent

Sale History for 2022 Mathews Ave

Last sold for $2,050,000 on February 2nd, 2022

  • December, 2023

  • Dec 4, 2023

    Date

    Withdrawn

    CRMLS: PV23149745

    $2,100,000

    Price

  • Aug 11, 2023

    Date

    Active

    CRMLS: PV23149745

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    Don't miss out on this excellent investment opportunity in the vibrant city of Redondo Beach! This property offers a 4-unit building, each featuring two bedrooms, one bath, a family room, and a living room. Recent renovations have transformed these units into modern and comfortable living spaces, making it an attractive choice for tenants. Key Features: 4-unit building in a prime location. Each unit offers 2 bedrooms, 1 bath, family room, and living room. Recent renovations including updated electrical wiring and plumbing systems. Stylish light fixtures, kitchen cabinets, floors, bathroom vanities, and tiles. Appliances such as dryers and washers included in each unit. Dedicated parking spot available for convenience. The current rental income for one unit is $3,000 per month, while the remaining three units generate $2,500 each per month with a potential to increase $3,000. All leases are signed with annual contracts. Located in Redondo Beach, this property benefits from its proximity to a wide range of amenities, including schools, shopping centers, dining options, and recreational facilities. Its convenient location offers easy access to major transportation routes, making it an ideal choice for tenants seeking a comfortable and convenient lifestyle. Whether you're an experienced investor or looking to enter the real estate market, this property is a great choice.

  • August, 2023

  • Aug 9, 2023

    Date

    Canceled

    CRMLS: PV22218501

    $2,190,000

    Price

  • Oct 8, 2022

    Date

    Active

    CRMLS: PV22218501

    $2,450,000

    Price

  • Listing provided courtesy of CRMLS

    Don't miss out on this excellent investment opportunity in the vibrant city of Redondo Beach! This property offers a 4-unit building, each featuring 2 Bedrooms, 1 bath, a family room, and Living room. Recent renovations have transformed these units into modern and comfortable living spaces, making it an attractive choice for tenants, Key features: 4-unit building in a prime location. Each unit recent renovations including updated electrical wiring and plumbing systems. Stylish light fixtures, kitchen cabinets, floors, bathroom vanities, and tiles. Appliances such as dryers and washers included in each unit. Dedicated parking spot available for convenience. Located in Redondo Beach, this property benefits from its proximity to a wide range of amenities, including schools, shopping centers, dining options, and recreational facilities. Its convenient location offers easy access to major transportation routes, making it an ideal choice for tenants seeking a comfortable and convenient lifestyle. Whether you're and experienced investor or looking to enter the real estate market, this property is a great choice.

  • February, 2022

  • Feb 2, 2022

    Date

    Sold

    CRMLS: SB21233782

    $2,050,000

    Price

  • Nov 11, 2021

    Date

    Active

    CRMLS: SB21233782

    $2,200,000

    Price

  • March, 2003

  • Mar 12, 2003

    Date

    Sold (Public Records)

    Public Records

    $711,000

    Price

  • December, 2001

  • Dec 28, 2001

    Date

    Sold (Public Records)

    Public Records

    $81,500

    Price

Show More

Tax History for 2022 Mathews Ave

Assessed Value (2020): $941,574
Year Land Value Improved Value Assessed Value
2020 $513,827 $427,747 $941,574

Home Value Compared to the Market

This property vs the competition

2022 Mathews Ave sold on February 2, 2022 for 31.19% higher than the current median sold price for the city of Redondo Beach which is $1,600,000. The median sold price per/sqft for Redondo Beach is $809 and this home is sold at $512.95 per/sqft which puts the price per square foot 36.59% lower than the current median sale per square foot for the city of Redondo Beach.

About 2022 Mathews Ave

Detailed summary of property

2022 Mathews Ave is a multi family that recently sold in Redondo Beach, CA 90278. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 4,092 living square feet, and sits on an approximately 7,504 square foot lot. 2022 Mathews Ave was first listed on ArdentRealEstateGroup.com on October 25, 2021. The homeowner sold the property for $2,050,000. Home in Redondo Beach are selling for a median price of $1,600,000 and a median price per square foot of $809. Based on Ardent Real Estate Group's Redondo Beach Market Data, this home is sold 31.19% higher than the current median priced home. Local homes that are currently for sale include 8704 S Central Ave, 3731 Glendon Ave and 232 E Gage Ave. While the average home in Redondo Beach, CA is selling in 40 days, 2022 Mathews Ave has a days on market of 23 days. There are currently 150 homes for sale in the Redondo Beach real estate market and 45 of them are single family homes while 33 of them are condos and 72 are townhomes. For more information on this home for sale at 2022 Mathews Ave Redondo Beach, CA 90278 contact Ardent Real Estate Group and we will put you in touch with one of our Redondo Beach agents.

Public Facts for 2022 Mathews Ave

Public county record property details
Beds
4
Baths
4
Year built
1930
Sq. Ft.
4,092
Lot Size
7,503
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4155-030-001

The source for these homes facts are from public records.

90278 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,359,000
Median List Price/Sq.Ft.
$726
Median Sold Price
$1,355,000
Median Sold Price/Sq.Ft.
$693
Total Inventory
80
Median Sale to List Price %
100.37%
Avg Days on Market
46
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (7.14%), Other (50%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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