1904 Vanderbilt Ln | Redondo Beach, CA 90278
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- LoopNet Team
1904 Vanderbilt Ln
Redondo Beach, CA 90278
N Redondo VALUE-ADD Apartments with Upside · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- First time on the market in almost 50 years
- Great Layout, with 16 Units (+1 N/C) in 5 separate structures
- 15 Garage spaces with possible ADU potential (Buyer to Verify).
- Highly desirable unit mix with mostly nice sized 2/1’s, including some freestanding units
- Significant rental upside; Estimated +/-52% upside in rents
PROPERTY FACTS
| No. Units | 16 | Building Size | 13,511 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 0.52 AC | ||
| Zoning | RBR-3 - R-3 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 13,511 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | RBR-3 - R-3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,618 | 650 |
| 2+1 | 11 | $2,358 | 850 |
| 3+1 | 3 | $2,846 | 950 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $565,064 | |
| Land Assessment | $306,769 | Total Assessment | $871,833 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$306,769
Improvements Assessment
$565,064
Total Assessment
$871,833
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