Property Details
About this Property
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. Wi
MLS Listing Information
MLS #
CRSB25058235
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 6 Car(s)
Contact Information
Listing Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
License #: 01717818
Phone: (310) 706-4066
Co-Listing Agent
Woody Stahl
License #: 01399621
Phone: (310) 425-9838
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Madison Elementary School | public | K-5 | 0.28 mi | |
| Birney Elementary School | public | K-5 | 0.36 mi | |
| Lincoln Elementary School | public | K-6 | 0.55 mi | |
| Adams Middle School | public | 6-8 | 0.71 mi | |
| Redondo Union High School | public | 9-12 | 0.73 mi | |
| Redondo Beach Virtual Learning | public | K-12 | 0.73 mi | N/A |
| Washington Elementary School | public | K-5 | 0.78 mi | |
| Meadows Avenue Elementary School | public | K-5 | 0.97 mi | |
| Aurelia Pennekamp Elementary School | public | K-5 | 1.01 mi | |
| William Green Elementary School | public | K-5 | 1.01 mi | |
| Mira Costa High School | public | 9-12 | 1.01 mi | |
| Jefferson Elementary School | public | K-5 | 1.03 mi | |
| South Bay Adult | public | UG | 1.07 mi | N/A |
| Hermosa View Elementary School | public | KG,1,2 | 1.09 mi | N/A |
| Manhattan Beach Middle School | public | 6-8 | 1.27 mi | |
| Towers Elementary School | public | K-5 | 1.34 mi | |
| Manhattan Beach Preschool | public | UG | 1.38 mi | N/A |
| Centinela Valley Adult | public | UG | 1.54 mi | N/A |
| Centinela Valley Independent Study School | public | 9-12 | 1.55 mi | |
| R. K. Lloyde High School | public | 9-12 | 1.55 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2204 Mathews Ave is a Residential Income in Redondo Beach, CA 90278. This – square foot property sits on a 7,471 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,400,000 and was built in 1958. This address can also be written as 2204 Mathews Ave, Redondo Beach, CA 90278.
©2025 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of March 24, 2025. For the most current information, please contact Brett Lyon, (310) 706-4066
