Keegan Cin | Realtor® | License # DRE 01971604

Property

Redondo Beach, CA 90278 2319 Vanderbilt Lane

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Presented By: Joseph Nuzzolo with Thompson Team Real Estate, Inc.; 310-922-2229
  • MLS# SB25082617
  • 04/28/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 5
  • SQFT • 3,708
  • Garage • 5
  • Year Built • 1956

Home Details

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.
Presented By: Joseph Nuzzolo with Thompson Team Real Estate, Inc.; 310-922-2229

Interior Features for 2319 Vanderbilt Lane

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesSeeRemarks
Total Stories1

Other Rooms

Entry Level1

General for 2319 Vanderbilt Lane

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityRedondo Beach
Community FeaturesCurbs
CountyLos Angeles
DirectionsWest on Artesia and South on MacKay and West on Vanderbilt
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income120600.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense12000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet9617.0
Lot Size UnitsSquareFeet
MLS Area153 - N Redondo Bch/El Nido
MobileHomeRemainsYNNo
Net Operating Income64350.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Operating Expense25000.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot22
Taxes$31,250
Trash Expense0.0
Water Sewer Expense1200.0
Year Built1956
Year Built SourcePublicRecords
ZoningRBR-3

Exterior for 2319 Vanderbilt Lane

Building Area Total3708.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.2208
Lot Size Area9617.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters5
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $2,499,000
MLS#SB25082617
List Date 04/28/2025
Property Type Multi-Family
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