2319 Vanderbilt Ln Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated payment $15,762/month
Total Views
5,627
6
Beds
5
Baths
3,708
Sq Ft
$674
Price per Sq Ft
Highlights
- 0.22 Acre Lot
- No HOA
- 1-Story Property
- Birney Elementary School Rated A+
- Laundry Room
About This Home
Thompson Team Real Estate is proud to offer this rare opportunity to own a meticulously maintained 5-unit apartment complex located in the heart of Redondo Beach—one of Los Angeles' most sought-after beach communities. This trophy asset consists of three separate buildings and offers a desirable unit mix of spacious 1- 2-bedroom, 1-bath unit and 4 1 bedroom, 1 bath units each with excellent natural light and functional layouts. Each unit is paired with its own single-car garage space (5 total), providing valuable off-street parking. The property is professionally managed, fully occupied, and enjoys exceptionally low tenant turnover, making it a stable and reliable investment. Situated in an area known for its award-winning schools, walkability, and close proximity to the beach, shopping, dining, and major employment centers, this property offers strong long-term fundamentals. With some rental upside and low annual operating expenses, this is a prime value-add opportunity for investors seeking growth in a premier coastal location. Don’t miss the chance to own a rare, turn-key asset in a high-demand rental market.
Last Listed By
Thompson Team Real Estate, Inc. Brokerage Phone: 310-922-2229 License #01853418 Listed on: 04/28/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 9,617 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
Home Design
- Apartment
Interior Spaces
- 3,708 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Legal Lot and Block 22 / 5
- Tax Tract Number 620
- Assessor Parcel Number 4157003025
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 5 Units
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Insurance Expense $12,000
- Professional Management Expense $8,089
- Water Sewer Expense $1,200
- New Taxes Expense $31,250
- Operating Expense $56,250
- Gross Income $120,600
- Net Operating Income $64,350
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 |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | For Sale | $2,499,000 | -- | $674 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Home in Redondo Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25082617
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