Seller's Agent in 2023
Nancy Bush
Lyon Stahl Investment Real Estate, Inc.
(310) 849-9210
6 in this area
18 Total Sales
2400 Vanderbilt Ln Redondo Beach, CA 90278
North Redondo Beach Neighborhood
8
Beds
7
Baths
5,538
Sq Ft
6,800
Sq Ft Lot
Highlights
- Property is near park and public transit
- Traditional Architecture
- Granite Countertops
- Washington Elementary School Rated A+
- Corner Lot
- Park
About This Home
As of September 2023Fantastic Opportunity to Acquire a Well Maintained 9-Unit Apartment Building in North Redondo Beach.
Property upgrades include a new roof, interior upgrades in 5 of the 9 units (within the past 18 months - upgrades vary per unit). Features include new vinyl plank and tile flooring, tiled showers, new cabinetry, new counters, smooth ceilings, and recessed lighting. Strong rental location with 7 of the 9 tenants on month-to-month agreements. Room to raise rents in 2023. The unit mix consists of (1) 2 Bedroom 1 Bath and (8) 1 Bedroom 1 Bath. Ample uncovered parking for 9 vehicles plus two 1-car garages. Separate gas & electric meters along with five of the residents paying towards RUBS utility sharing. New on-site community laundry room with 2 washers/2 dryers (machines are owned). Ditch the car with a Walk Score of 91 “Walkers Paradise” and a bike score of 87 “Very Bikeable. Just 2.5 miles to the Pacific Ocean & the popular Hermosa and Manhattan Beaches. Close to public transportation, the 405, 110 and 91 Freeways, shopping, restaurants, coffee shops, parks, and award-winning Redondo Beach Schools.
No City of Redondo Beach Rent Control, Subject only to California AB1482. Zip Code 90278 received an overall A+ Grade per Niche.com.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #00962565 Listed on: 07/26/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 6,800 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Corner Lot
Parking
- 9 Open Parking Spaces
- 2 Car Garage
- Parking Available
- Single Garage Door
- Assigned Parking
Home Design
- Traditional Architecture
- Apartment
- Entry on the 1st floor
- Frame Construction
- Shingle Roof
- Stucco
Interior Spaces
- 5,538 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Laundry Room
Kitchen
- Gas Cooktop
- Granite Countertops
- Quartz Countertops
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near park and public transit
Utilities
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 12 / 17
- Tax Tract Number 620
- Assessor Parcel Number 4157007012
- $3,077 per year additional tax assessments
Community Details
Recreation
- Park
- Bike Trail
Building Details
- 9 Leased Units
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,740
- Insurance Expense $4,500
- Maintenance Expense $6,750
- Other Expense $5,953
- Professional Management Expense $10,025
- New Taxes Expense $34,104
- Operating Expense $63,072
- Gross Income $200,502
- Net Operating Income $131,415
Additional Features
- 9 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/14/2023 09/14/23 | Sold | $2,800,000 | -6.5% | $506 / Sq Ft |
| 08/08/2023 08/08/23 | Pending | -- | -- | -- |
| 07/26/2023 07/26/23 | For Sale | $2,995,000 | -- | $541 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 | $33,286 | $3,430,000 | $2,740,000 | $690,000 |
| 2024 | $33,286 | $2,750,000 | $1,200,000 | $1,550,000 |
| 2023 | $12,875 | $890,263 | $390,463 | $499,800 |
| 2022 | $12,717 | $872,807 | $382,807 | $490,000 |
| 2021 | $12,470 | $855,694 | $375,301 | $480,393 |
| 2019 | $12,256 | $831,036 | $364,170 | $466,866 |
| 2018 | $11,912 | $814,756 | $357,030 | $457,726 |
| 2016 | $11,473 | $782,428 | $343,167 | $439,261 |
| 2015 | $11,280 | $770,676 | $338,013 | $432,663 |
| 2014 | $11,191 | $755,580 | $331,392 | $424,188 |
Source: Public Records
Agents Affiliated with this Home
-
Nancy Bush
-
Mike McKinney
Seller Co-Listing Agent in 2023
Mike McKinney
Lyon Stahl Investment Real Estate, Inc.
(310) 880-2900
6 in this area
18 Total Sales
-
Kimiyasu Murayoshi
Buyer's Agent in 2023
Kimiyasu Murayoshi
Andrew C. Lee
(213) 442-0211
1 in this area
91 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23138037
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") 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 CRMLS 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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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