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Listed by Justin McCardle • Growth Investment Group Pasade
$6,075,000
Est. payment /mo
0.52 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25138781
Year Built 1964
Lot Size 0.517 Acres
Source California Regional MLS
Property Description
First time on the market! 1900 & 1904 Vanderbilt Ln, a unique and rare value-add multi-family investment opportunity situated in the heart of North Redondo Beach, a highly desirable area within the South Bay region of Los Angeles County. Offered for the first time in approximately half a century, this maintained apartment complex, known as the Vanderbilt Apartments, comprises five separate buildings located on two generous parcels, enhanced by landscaping that provides both privacy and curb appeal. The property features a desirable unit mix of spacious, well-designed apartments, which appeal to a broad tenant base in one of Southern California's most sought-after rental markets. Key features of this multi-family investment property include a variety of unit sizes, private garages, refreshed kitchen cabinets, laminate and tile flooring, and patio areas. The buildings are located on approximately 22,000 SF lot, comprising two parcels individually metered for gas and electricity. The property has a functional layout, with 16 units (+1 n/c) in 5 separate structures, including two freestanding units, one detached, and one over garages. It offers 15 garage spaces with possible ADU potential (Buyer to Verify). North Redondo Beach is known for its strategic location, less than 20 miles f
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Interior
Laundry Laundry Area
Exterior
Garage Spaces 20.0
Pool None
Building
Water District - Public
Others
Tax ID 4156006027
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033