2319 Vanderbilt Lane, Redondo Beach, CA 90278
- $2,200,000
- Sold Price
- $2,200,000
- List Price
- $2,390,000
- Closing Date
- Oct 10, 2025
- Status
- CLOSED
- MLS#
- SB25082617
- Year Built
- 1956
- Lot Size
- 9,617
- Acres
- 0.22
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 103
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
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.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $120,600
- Operating Expense
- 25000
- Garage Spaces
- 5
- Parking Spaces
- 5
Listing courtesy of Listing Agent: Joseph Nuzzolo (joe@2buy.com) from Listing Office: Thompson Team Real Estate, Inc..
Listing sold by Andrew Tseng from The Realestate Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.