Bought with Andrew Tseng
$2,200,000
$2,390,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
2319 Vanderbilt LN Redondo Beach, CA 90278
9,617 Sqft Lot
Key Details
Sold Price $2,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB25082617
Year Built 1956
Lot Size 9,617 Sqft
Property Description
Rare opportunity to own a meticulously maintained 5-unit apartment complex located in the heart of Redondo Beach-one of Los Angeles' most sought-after beach communities. This trophy asset consists of three separate buildings and offers a desirable unit mix of spacious 1- 2-bedroom, 1-bath unit and 4 1 bedroom, 1 bath units each with excellent natural light and functional layouts. Each unit is paired with its own single-car garage space (5 total), providing valuable off-street parking. The property is professionally managed, fully occupied, and enjoys exceptionally low tenant turnover, making it a stable and reliable investment. Situated in an area known for its award-winning schools, walkability, and close proximity to the beach, shopping, dining, and major employment centers, this property offers strong long-term fundamentals. With some rental upside and low annual operating expenses, this is a prime value-add opportunity for investors seeking growth in a premier coastal location. Don't miss the chance to own a rare, turn-key asset in a high-demand rental market.
Location
State CA
County Los Angeles
Area 153 - N Redondo Bch/El Nido
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable
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