2004 Mathews Ave #2Redondo BeachCA90278
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Redondo Beach at 2004 Mathews Ave #2, Redondo Beach, CA, 90278 at $1,400,000 posts ROI 27.15% with $2,564/mo cash flow from $11,267/mo rent. Total monthly income equals $11,267/mo, and annual cash flow records $30,762/yr on $453,600 to close. Return on cash invested measures 27.15% and rental yield reads 9.66% at the current $1,400,000. Equity gained on principal adds $9,034/yr, and 5% annual appreciation supports $386,794 by year five. Five-year ROI prints 141.62% and total cumulative return in cash totals $642,379.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $11,267/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1989
5,627 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90278, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 9,444 (55.6%) |
| Renter Occupied HU | 6,957 (41.0%) |
| Vacant Housing Units | 580 ( 3.4%) |
| Median Home Value | $1,224,834 |
| Average Home Value | $1,265,967 |
Housing Distribution
Address Breakdown
Residential
16,782
Single Family
10,482
Multi-Family
6,300
Businesses
999
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Listed by: In Sook Lee • Econo Realty Inc
Mls Name: CLAW
Mls Provider:
Mls ID: #24-418427
Disclaimer: 2024 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.