1900 Vanderbilt Ln Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated payment $38,315/month
Total Views
23
6
Beds
3
Baths
13,511
Sq Ft
$450
Price per Sq Ft
Highlights
- 0.52 Acre Lot
- Laundry Room
- 2-minute walk to Andrews Park
- Birney Elementary School Rated A+
About This Home
First time on the market! 1900 & 1904 Vanderbilt Ln, a unique and rare value-add multi-family investment opportunity situated in the heart of North Redondo Beach, a highly desirable area within the South Bay region of Los Angeles County. Offered for the first time in approximately half a century, this maintained apartment complex, known as the Vanderbilt Apartments, comprises five separate buildings located on two generous parcels, enhanced by landscaping that provides both privacy and curb appeal. The property features a desirable unit mix of spacious, well-designed apartments, which appeal to a broad tenant base in one of Southern California's most sought-after rental markets. Key features of this multi-family investment property include a variety of unit sizes, private garages, refreshed kitchen cabinets, laminate and tile flooring, and patio areas. The buildings are located on approximately 22,000 SF lot, comprising two parcels individually metered for gas and electricity. The property has a functional layout, with 16 units (+1 n/c) in 5 separate structures, including two freestanding units, one detached, and one over garages. It offers 15 garage spaces with possible ADU potential (Buyer to Verify). North Redondo Beach is known for its strategic location, less than 20 miles from Los Angeles and its proximity to Los Angeles International Airport (LAX), as well as its proximity to the South Bay Galleria, which offers a wide array of shopping, dining, and entertainment options. The area also benefits from convenient access to major transportation routes, including freeways, and boasts a mix of residential streets, urban parks, and local charm. Its proximity to the coastline and beaches, including the Redondo Beach Pier and the Hermosa Pier, and its location within the Redondo Beach Unified School District, which includes highly regarded schools like Birney Elementary, Adams Middle School, and Redondo Union High School, make it a highly desirable location. This property presents an exceptional value-add investment opportunity, being on the market for the first time in over 45 years. Redondo Beach's strong rental market, desirable location, and the South Bay area's history of strong property value appreciation, combined with a significant rental upside (estimated at +/-52%) and its status as a generational asset with strong fundamentals, position it for substantial appreciation and income growth in an unbeatable Southern California coastal setting.
Listing Agent
Growth Investment Group Pasade Brokerage Phone: 310-606-0192 License #01895720 Listed on: 06/20/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 0.52 Acre Lot
- Two or More Common Walls
- 4156006029
Parking
- 5 Open Parking Spaces
- 15 Car Garage
Home Design
- Apartment
Interior Spaces
- 13,511 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Legal Lot and Block 12 / 12
- Tax Tract Number 6207
- Assessor Parcel Number 4156006027
- $3,666 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 5 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $2,050
- Fuel Expense $5,056
- Insurance Expense $15,201
- Professional Management Expense $800
- Trash Expense $6,534
- Water Sewer Expense $6,861
- Operating Expense $124,937
- Gross Income $373,034
- Net Operating Income $236,906
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | For Sale | $6,075,000 | -- | $450 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Home in Redondo Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25138781
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