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2400 Vanderbilt Lane

Redondo Beach, 90278

0 Bd
0 Ba
6,800 Lot
$2,800,000 SOLD Price | Closed 9/14/23
Closed Status
13 Days on Market
Jul 26 First Day Active
$2,995,000 Start Price

Description

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.

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Property Details for 2400 Vanderbilt Lane

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Nancy Bush
Listing Brokered By
Lyon Stahl Investment Real Estate, Inc.
Type
Residential Income, Apartment
Year Built
1955 (Assessor)
MLS Area
151 - N Redondo Bch/Villas North

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
13 DOM
Combined DOM*
13
First Date Active
July 26th, 2023
Closing Date
September 14th, 2023
Sold Price
$2,800,000
Orig. List Price
$2,995,000
MLS® #
SB23138037
APN
4157007012
Special
Trust

Home Interior Information

Levels/Stories
Two
Flooring
See Remarks
Heating
Natural Gas
Cooling
None
Appliances
Gas Cooktop, Disposal, Gas Range, Gas Water Heater, Refrigerator
Int. Features
Ceiling Fan(s), Granite Counters, Quartz Counters
Fireplaces
None

Room Information

Laundry
CommonArea

Exterior Information

Lot Description
Corner Lot, Landscaped, Near Park, Near Public Transit
Lot Size (sq. ft.)
6,800
Lot Size (acres)
0.16
Roof
Shingle, See Remarks
Pool
None
Parking Spaces
11
Garage Spaces
2

View, Style & Tour Information

Style
Traditional

Utilities Information

Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Electric
ElectricityOnProperty
Water Source
Public

Additional Information

Zoning
RBR-3
Buyer's Brokerage Fee
2.500
Co-Agent
Michael McKinney
Co-Agent Office
Lyon Stahl Investment Real Estate, Inc.

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
151 - N Redondo Bch/Villas North
City/State
Redondo Beach
Zip Code
90278
County
Los Angeles
# of Units
9
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Listing/Price History

2400 Vanderbilt Lane, Redondo Beach, (MLS® #SB23138037)

Date Details Price Change
Closed $2,800,000
Pending
Active Under Contract (from Active)
First Day Active $2,995,000
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Listing Summary

Quick Summary of 2400 Vanderbilt Lane: This home in Redondo Beach is priced at $2,995,000 . The Apartment residence was originally built in 1955 and was listed on July 26th, 2023 at $2,995,000, showing 13 Days on Market currently. Contact Dave Fratello today for more information or to go see 2400 Vanderbilt Lane.

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Based on information from California Regional Multiple Listing Service, Inc. as of February 22nd, 2024 at 5:15pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.