1921 Vanderbilt Lane
Redondo Beach, California CA 90278-2939
$2,195,000 Price
4,954 SqFt
0.172 Acres
SB18209689 Listing ID
PRICE REDUCED! SELLER VERY MOTIVATED! Great Investment Opportunity with this Stunningly Magnificent, Multi-Family, 4-Unit Building in North Redondo. It offers an ideal unit mix with a separate, free-standing, two-story “owner’s” unit at the front of the property featuring 3 bed & 2.5 bath. The other 3 units consist of two, tri-level, 2 bed & 1.5 bath units and one upstairs 1 bed & 1 bath unit. The GIANT, front 3 bed/2.5 bath Unit has been recently remodeled with a large living room with cathedral ceilings & open beams, large kitchen with eat-in area, another formal dining room (or family room,) a ½ bath, and direct access to an outside, private patio on the first floor. Upstairs is a laundry area with W/D hookups and all 3 bedrooms. The first two bedrooms are both good sized, have large closets, and share a Jack & Jill bathroom with the second bedroom featuring its own sink. The third bedroom is a true master suite, with it’s own ¾ bath & large walk-in closet. This unit also features its own, separate 3 car attached garage with direct access to unit. Unit also features. All three of the units at the back of the property have ground-level entryways and feature their own back yard. There is a leased, coin-operated laundry room for these units that generates more income and assigned garage spaces as well. DRIVE BY ONLY....DO NOT WALK THE PROPERTY OR DISTURB ANY OF THE TENANTS! Submit offers “subject to inspection.”
Schedule Showing
Status Pending
County Los Angeles
Year Built 1973
Property Type Residential Income
Residential Income

Primary Features

Architectural Style: Traditional
County: Los Angeles
Heating Type: Wall Heater
Interior Features: Beamed Ceilings, Built-Ins, Ceiling Fan, High Ceilings (9 Feet+), Stone Counters
Lot Features: Back Yard, Front Yard, Landscaped
MLS Area Major: 152 - N Redondo Bch/Villas South
Special Listing Conditions: Standard
View Type: City Lights
Year Built: 1973
Zoning: RBR-3


Community Features: Sidewalks, Urban
Exclusions: Coin-Operated Laundry Machines are Leased
Land Lease: no
Laundry Equipment Own Lease: Lease
Laundry Features: Area, Community, Inside
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Rented Garages: 6
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 1
Number Of Separate Water Meters: 1
Number Of Units Leased: 4
Number Of Units Total: 4
Number With Dishwasher: 4
Number With Disposal: 4
Number With Range: 4
Number With Refrigerator: 4
Other Expense Description: OTHER
Property Attached: yes
Property Condition: Turnkey, Updated/Remodeled
Senior Community: no
Tax Lot: 23
Tax Tract Number: 207.01
Water Source: Public

Interior Features

Appliances: Dishwasher, Electric Oven, Electric Stove, Microwave, Refrigerator
Appliances: yes
Common Walls: 1 Common Wall
Flooring: Carpet, Vinyl, Wood
Garage Spaces: 6
Heating: yes
Levels: Three Or More
Room Type: Family Room, Jack & Jill, Master Suite, Walk-In Closet

Financial Details

Cap Rate: 3.58
Electric Expense: 715
Fuel Expense: 1230
Gross Income: 121520
Gross Scheduled Income: 121520
Insurance Expense: 2600
Laundry Income: 1520
Net Operating Income: 78573
New Taxes Expense: 33750
Operating Expense: 42947
Other Expense: 80
Pest Control Expense: 522
Rent Control: no
Total Actual Rent: 10000
Total Expenses: 42947
Trash Expense: 990
Water Sewer Expense: 2100

External Features

Carport Spaces: 2
Construction Materials: Stucco
Lot Size Area: 7503
Lot Size Square Feet: 7503
Number Of Buildings: 2
Parking Features: Assigned, Covered Parking, Direct Garage Access, Garage - Rear Entry, Garage - Single Door, Garage - Two Door
Parking Total: 8
Parking: yes
Pool Features: None
Private Pool: no
Roof: Composition, Flat
Sewer: Public Sewer
View: yes

Location Information

Country: US

Zoning Info

© 2019. The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Listing courtesy of Anthony Calvin from Keller and Associates Realty . Last updated Friday, January 18th, 2019.

Contact - Listing ID SB18209689

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

Data services provided by IDX Broker