2304 Mathews Ave UNIT 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 2304 Mathews Ave UNIT 2, Redondo Beach, CA, 90278 listed at $874,000 pairs $5,226/mo rent with a $4,278/mo payment. Total monthly income runs $5,226/mo. Return on cash invested measures 19.31% in year one, and rental yield registers 7.18% at a $874,000 basis. Equity gained on principal adds $5,640/yr, and annual property appreciation at 5% supports $241,470 by year five. Five-year ROI tracks 99.58% and total cumulative return in cash totals $286,329. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,226/mo property income relative to a $4,278/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1978
1.03 Acres 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: Michelle Zabukovec • Redfin Corporation
Mls Name: CRMLS
Mls ID: #SB25275963