Kristin Warrick
Vista Sotheby's International Realty
(657) 279-5394
14 Total Sales
1 in North Redondo Beach
$2,010,000 Price
2704 Vanderbilt Ln Redondo Beach, CA 90278
North Redondo Beach Neighborhood
3
Beds
3
Baths
13,572
Sq Ft
0.34
Acre Lot
About This Home
As of November 2015Beautifully-upgraded & exceptionally well-managed asset with the added cache of a Redondo Beach address. The units have been extensively rehabbed to a very high-level of 'fit and finish'. Too many improvements to mention; however, the interior capital investment has totaled approximately $300K, while the exterior has totaled approximately $90K.
The tenants enjoy a secured courtyard, washers/dryers in some units, as well as secured, garage parking. The building is separately metered for electric & there is an on-site laundry room with 4 machines - in addition to machines inside each unit.
These are the closest thing to condo quality apartments that exist in Redondo Beach. The Azure Apartments are the epitome of a turn-key investment. This asset is a pride of ownership addition to one' s portfolio - a perfect upleg for an exchange buyer. It will serve as a virtually passive investment for an investor looking for a high quality & well run multi-family property.
The building is located in a highly accessible location unlike other, land-locked Redondo neighborhoods, near Palos Verdes. The asset is 2 minutes to the 405 Fwy attracting a tenant base working in the surrounding South Bay industries: aerospace, oil, gas, tech and of course, The Port of LA.
Last Agent to Sell the Property
Brice W. Head, MBA
Re/Max Commercial & Investment License #01330706 Listed on: 09/24/2015
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 14,998 Sq Ft Lot
- Two or More Common Walls
Parking
- 24 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 13,572 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Legal Lot and Block 12 / 20
- Assessor Parcel Number 4082002038
Community Details
Overview
- 16 Units
Building Details
- 16 Leased Units
- 17 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,500
- Insurance Expense $5,213
- Professional Management Expense $14,718
- Trash Expense $2,500
- Water Sewer Expense $2,500
- New Taxes Expense $74,906
- Gross Income $33,375
- Net Operating Income $264,183
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 24, 2015
Closed on
Nov 5, 2015
Sold by
2704 Vanderbilt Partners Llc
Bought by
Seller's Agent
Brice W. Head, MBA
Re/Max Commercial & Investment
Buyer's Agent
Christopher Arvizu
Christopher Arvizu
List Price
$6,700,000
Sold Price
$6,650,000
Premium/Discount to List
-$50,000
-0.75%
Purchase Details
Closed on
Jan 22, 2014
Sold by
Myrle Apartments Llc
Bought by
2704 Vanderbilt Partners Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,025,000
Interest Rate
4.23%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 6, 1994
Sold by
Sneed Vearl
Bought by
Sneed Vearl and Sneed Kathleen A
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Redondo Beach, CA
-
Kristin Warrick
-
Josh Stein-Sapir
Josh Stein-Sapir
Keyes Real Estate
(562) 456-3475
137 Total Sales
1 in North Redondo Beach
$1,800,000 Price
-
Adel Hamad
Adel Hamad
Lifetime Realty Inc
(424) 396-0586
24 Total Sales
2 in North Redondo Beach
$1,263,375 Price Range
-
Kevin Moen
Kevin Moen
Estate Properties
(424) 842-4495
52 Total Sales
2 in North Redondo Beach
$1,067,000 Price Range
-
Karina Garcia
Karina Garcia
Real Brokerage Technologies, Inc.
(424) 231-2937
5 Total Sales
1 in North Redondo Beach
$1,315,000 Price
-
Michele Brown
Michele Brown
Keller Williams Realty
(844) 977-3032
33 Total Sales
3 in North Redondo Beach
$875K - $1.5M Price Range
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 |
|---|---|---|---|
| -- | Chicago Title Company | ||
| 2704 Vanderbilt Partners Llc | $3,300,000 | Old Republic Title Co | |
| Sneed Vearl | -- | -- | |
| Sneed Vearl | -- | -- |
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 |
|---|---|---|---|
| Previous Owner | $2,025,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 11/10/2015 11/10/15 | Sold | $6,650,000 | -0.7% | $490 / Sq Ft | |
| 10/05/2015 10/05/15 | Pending | -- | -- | -- | |
| 09/24/2015 09/24/15 | For Sale | $6,700,000 | +103.0% | $494 / Sq Ft | |
| 04/08/2014 04/08/14 | Sold | $3,300,000 | 0.0% | $243 / Sq Ft | View Prior Sale |
| 02/13/2013 02/13/13 | Pending | -- | -- | -- | |
| 02/11/2013 02/11/13 | For Sale | $3,300,000 | -- | $243 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $1,427 | $27,332 | ||
| 2024 | $1,439 | $32,173 | ||
| 2023 | $1,462 | $23,634 | $1,950 | $21,684 |
| 2022 | $1,439 | $17,239 | $1,950 | $15,289 |
| 2021 | $1,532 | $16,658 | $0 | $0 |
| 2020 | $1,446 | $16,246 | $0 | $0 |
| 2019 | $1,371 | $15,496 | $0 | $0 |
| 2018 | $1,360 | $15,290 | $0 | $0 |
| 2017 | $1,320 | $15,695 | $0 | $0 |
| 2016 | $1,261 | $15,664 | $2,125 | $13,539 |
| 2014 | $1,128 | $8,339 | $1,000 | $7,339 |
Source: Public Records
Agents Affiliated with this Home
-
BH
Seller's Agent in 2015
Brice W. Head, MBA
RE/MAX
-
Brian Estes
Seller Co-Listing Agent in 2015
Brian Estes
RE/MAX
(310) 802-2525
2 in this area
14 Total Sales
-
Christopher Arvizu
CA
Buyer's Agent in 2015
Christopher Arvizu
Christopher Arvizu
(562) 506-4559
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB15210846
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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