1923 Vanderbilt Ln | Redondo Beach, CA 90278
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- LoopNet Team
1923 Vanderbilt Ln
Redondo Beach, CA 90278
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Ideal and diverse unit mix: 3-1BR/1BA, 4-2BR/1BA, 1-2BR/2BA and 1-3BR/2BA
- Newly updated asset including (3) brand new ADUs (2-1BR/1BA and 1-3BR/2BA)
- (2) long term tenants with over $3k per month upside....with already proven rents
- Excellent location 2 blocks from Manhattan Beach and only 2 miles to the sand and the Hermosa Beach Pier
- Priced to sell at a real 4.51% CAP (actual) and less than $530,000/unit for beach city trophy units
- In unit laundry for all units except two (those units have access to onsite laundry room), copper plumbing, roofs in excellent condition
Property Facts
| No. Units | 9 | Building Size | 7,156 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 0.42/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4Y, Redondo Beach | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,156 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | R4Y, Redondo Beach |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Ceiling Fans
- High Speed Internet Access
- Sprinkler System
- Stainless Steel Appliances
- Carpet
- Wi-Fi
- Double Pane Windows
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,405 | - |
| 2+1 | 4 | $2,845 | - |
| 2+2 | 1 | $3,575 | - |
| 3+2 | 1 | $4,300 | - |
Property Taxes
| Parcel Number | 4156-003-017 | Improvements Assessment | $2,815,200 |
| Land Assessment | $1,876,800 | Total Assessment | $4,692,000 |
Property Taxes
Parcel Number
4156-003-017
Land Assessment
$1,876,800
Improvements Assessment
$2,815,200
Total Assessment
$4,692,000
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