Fantastic Opportunity to Acquire a Well Maintained 9-Unit Apartment Building in North Redondo Beach.
Property upgrades include a new roof, interior upgrades in 5 of the 9 units (within the past 18 months - upgrades vary per unit). Features include new vinyl plank and tile flooring, tiled showers, new cabinetry, new counters, smooth ceilings, and recessed lighting. Strong rental location with 7 of the 9 tenants on month-to-month agreements. Room to raise rents in 2023. The unit mix consists of (1) 2 Bedroom 1 Bath and (8) 1 Bedroom 1 Bath. Ample uncovered parking for 9 vehicles plus two 1-car garages. Separate gas & electric meters along with five of the residents paying towards RUBS utility sharing. New on-site community laundry room with 2 washers/2 dryers (machines are owned). Ditch the car with a Walk Score of 91 “Walkers Paradise” and a bike score of 87 “Very Bikeable. Just 2.5 miles to the Pacific Ocean & the popular Hermosa and Manhattan Beaches. Close to public transportation, the 405, 110 and 91 Freeways, shopping, restaurants, coffee shops, parks, and award-winning Redondo Beach Schools.
No City of Redondo Beach Rent Control, Subject only to California AB1482. Zip Code 90278 received an overall A+ Grade per Niche.com.
Sold for $2,800,000
Listed by: Lyon Stahl Investment Real Estate, Inc. • Nancy Bush • Contact: 310-849-9210
Bought with: Andrew C. Lee
$2,800,000
2400 Vanderbilt Ln, Redondo Beach, CA 90278
10beds
9baths
5,538sqft
Multi Family
Built in 1955
-- sqft lot
$2,516,300 Zestimate®
$506/sqft
$4,637 Estimated rent
Home value
$2,516,300
$2.29M - $2.77M
$4,637/mo
Zestimate® history
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$17,708/mo
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Close to public transportationRecessed lightingCoffee shopsSeparate gasElectric metersNew countersNew cabinetry
Zillow last checked:
Listing updated:
Listed by:
Nancy Bush DRE #00962565 310-849-9210,
Lyon Stahl Investment Real Estate, Inc.,
Michael McKinney DRE #00634672 310-425-9838,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
Kimiyasu Murayoshi, DRE #01329437
Andrew C. Lee
Source: CRMLS,MLS#: SB23138037
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 9
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: Gas Cooktop, Disposal, Gas Range, Gas Water Heater, Refrigerator
- Laundry: Common Area
Features
- Ceiling Fan(s), Granite Counters, Quartz Counters
- Flooring: See Remarks
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,538
- Total interior livable area: 5,538 sqft
Property
Parking
- Total spaces: 11
- Parking features: Assigned, Door-Single, Garage, On Site, Uncovered
- Garage spaces: 2
- Uncovered spaces: 9
Features
- Levels: Two
- Stories: 2
- Entry location: First Floor
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 6,800 Square Feet
- Features: Corner Lot, Landscaped, Near Park, Near Public Transit
Details
- Parcel number: 4157007012
- Zoning: RBR-3
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Stucco
- Roof: Shingle,See Remarks
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Park
Location
- Region: Redondo Beach
Financial & listing details
- Price per square foot: $506/sqft
- Date on market: 7/26/2023
- Cumulative days on market: 13 days
- Listing terms: Cash to New Loan
- Total actual rent: 16230
- Tenant pays: Electricity, Gas, Other, See Remarks
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2023 | Sold | $2,800,000-6.5%$506/sqft |
Source:  CRMLS #SB23138037 Report a problem | ||
| 8/30/2023 | Pending sale | $2,995,000$541/sqft |
Source: CRMLS #SB23138037 Report a problem | ||
| 8/9/2023 | Contingent | $2,995,000$541/sqft |
Source: CRMLS #SB23138037 Report a problem | ||
| 7/26/2023 | Listed for sale | $2,995,000$541/sqft |
Source: CRMLS #SB23138037 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 90278
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Nearby schools
GreatSchools rating
- 8/10Washington Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Adams Middle SchoolGrades: 6-8Distance: 0.5 mi
- 10/10Redondo Union High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$2,516,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,516,300
- California
- Los Angeles County
- Redondo Beach
- 90278
- 2400 Vanderbilt Ln
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