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PRICE $1,799,000 BEDS 4 BATHS 4 HOME SIZE n/a LOT SIZE 7,497 sqft Request More Info Schedule a Showing

Welcome to 2202 Mathews Ave. This is an Exceptional Investment Opportunity in a Prime Desirable North Redondo Beach Location. This Well Maintained and Recently Improved and Upgraded Property features Six 1-Bedroom, 1 Bath Units, along with Six Enclosed Parking Spaces for each tenant, located within Three Double Garages at the rear of the building. The property also offers an Enclosed Grassy Front Yard, an Enclosed Central Yard, and a Separate Laundry Room with Seller Owned Equipment. The building encompasses 3,013 sq. ft. and is situated on a 7,496 sq. ft. 50 x 150 R-3 Zoned Lot. It includes Separate Electric and Gas Meters, with Utilities and Service (except for water paid by the tenants. The property has been Recently Upgraded with a New Roof, Exterior Paint, Electric Panels, Wall Heaters, Stairs and Balcony Railings, Vinyl Windows, and the Front Yard Fence. All units are occupied by Stable Long Term Tenants on month-to-month rental agreements, with rents recently increased. In addition to its current performance, with an estimated 4.13 Cap Rate and a 16.9 GRM, this Stabilized Asset Offers Long-Term Value and Upside Potential, including Attractive and Predictable Estimated 7% to 8% Annual Rent Increases. Ideally located in North Redondo, the property is Just Minutes from the Manhattan Beach Pier, Hermosa Beach Pier, Redondo Performing Arts Center, The Galleria Mall, Parks, Schools, and The 405 Freeway. It is also one block from The Grocery Outlet, Dollar Tree, CVS Pharmacy, and Public Transportation, with Close Proximity to a wide array of Shopping, Dining, and Entertainment Options. This Exceptionally Priced Property Presents a Compelling Opportunity as a Reliable and Attractive Investment for the First Time Income Property Buyer or the Seasoned Investor Adding to their Portfolio. PLEASE DO NOT DISTURB THE TENANTS OR ENTER THE PROPERTY Where Can You Find A 6-Unit Property At This Price In The Beach Cities - Right Here At 2202 Mathews Ave. - This is Priced to Sell Dont Wait.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation ©2026 San Diego MLS®, Inc.

Properties on this website was last updated as recently as 4/17/26 1:13 PM PDT.

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