NOT LISTED FOR SALE
12 Beds
9 Baths
10,614 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: November 25, 2020

Last sale price $5,600,000 $528 Per Sq Ft

43 Days on Market

Highlights

  • Tandem Parking
  • Laundry Facilities
  • Heating Available
  • Birney Elementary School Rated A+
  • Carpet

About This Home

As of November 2020

The Mosaic on Vanderbilt is two twin 9-unit apartment buildings with 9 private garages each on two adjacent lots sharing a driveway. Combined the subject property is a 10,614-square foot, eighteen-unit apartment community located at 2116 & 2118 Vanderbilt Lane in Redondo Beach. Built in 1960, the property sits on a large 15,013-square foot double lot and is two stories over private garage parking. The Mosaic on Vanderbilt is comprised of (2) studios, (12) one-bedroom with one-bathroom units, and (4) two-bedroom with one-bathroom units. Generally, the units are in original condition but have been well maintained and selectively updated over time. Parking consists of 36 spaces with 18 one-car garages with an additional tandem space in front of each garage. Building amenities include two laundry rooms (leased) for tenant convenience.

Last Agent to Sell the Property

Steffan Braunlich

Berkadia License #01859098 Listed on: 09/15/2020

Last Buyer's Agent

Steffan Braunlich

Berkadia License #01859098 Listed on: 09/15/2020

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.34

Interior Spaces

  • 10,614 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 9 Bathrooms

Parking

  • 1 Car Garage
  • Tandem Parking

Additional Features

  • 15,013 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 4156-008-004

Community Details

Overview

  • 2 Buildings
  • 18 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10614
  • Lot Acreage: 0.1723
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Carpet
  • Bedrooms: 12
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 626.53

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 18
  • Covered Parking: 18
  • Parking Garage: Garage - 1 Car, Tandem
  • Total Parking: 36

Utilities

  • Heating: Electric

Lot Info

  • Assessed Improvement Percent: 71.23
  • Assessed Improvement Value: 115530
  • Assessed Land Percent: 28.77
  • Assessed Land Value: 46658
  • Total Assessed Value: 162188
  • Assessor Parcel Number: 4156-008-004
  • Lot Size Area: 15013

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.29
  • Number Of Units: 18
  • Type Of Units: Apartments

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2020
Closed on
Nov 3, 2020
Sold by
Bought by
Seller's Agent
Steffan Braunlich
Berkadia
Buyer's Agent
Steffan Braunlich
Berkadia
List Price
$6,650,000
Sold Price
$5,600,000
Premium/Discount to List
-$1,050,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,607,951
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2014
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,600,000 First American Title Company
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,000,000
Previous Owner $1,001,000
Previous Owner $800,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/25/2020 11/25/20 Sold $5,600,000 -15.8% $528 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
09/15/2020 09/15/20 For Sale $6,650,000 -- $627 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,964 $3,030,809 $1,948,377 $1,082,432
2024 $35,399 $2,971,382 $1,910,174 $1,061,208
2023 $34,754 $2,913,120 $1,872,720 $1,040,400
2022 $34,294 $2,856,000 $1,836,000 $1,020,000
2021 $33,510 $2,800,000 $1,800,000 $1,000,000
2020 $4,668 $172,111 $49,512 $122,599
2019 $4,608 $168,738 $48,542 $120,196
2018 $4,401 $165,431 $47,591 $117,840
2016 $4,182 $159,009 $45,744 $113,265
2015 $4,125 $156,621 $45,057 $111,564
2014 $4,136 $153,554 $44,175 $109,379
Source: Public Records

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Map

Source: The MLS

MLS Number: 20-633552

The MLS
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