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    2116 Vanderbilt Lane

    Redondo Beach, CA 90278
    • $6,650,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 20633552
    $6,650,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    The Mosaic on Vanderbilt is two twin 9-unit apartment buildings with 9 private garages each on two adjacent lots sharing a driveway. Combined the subject property is a 10,614-square foot, eighteen-unit apartment community located at 2116 & 2118 Vanderbilt Lane in Redondo Beach. Built in 1960, the property sits on a large 15,013-square foot double lot and is two stories over private garage parking. The Mosaic on Vanderbilt is comprised of (2) studios, (12) one-bedroom with one-bathroom units, and (4) two-bedroom with one-bathroom units. Generally, the units are in original condition but have been well maintained and selectively updated over time. Parking consists of 36 spaces with 18 one-car garages with an additional tandem space in front of each garage. Building amenities include two laundry rooms (leased) for tenant convenience.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T00:28:53.443. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/110074794
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    2116 Vanderbilt Lane Redondo Beach, CA 90278

    • Price: $6,650,000
    • Status: Active
    • ID#: 20633552
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1960
    Built
    Neighborhood:
    152 - N Redondo Bch/Villas South
    County:
    Los Angeles
    Area:
    152 - N Redondo Bch/Villas South
    Property Description
    The Mosaic on Vanderbilt is two twin 9-unit apartment buildings with 9 private garages each on two adjacent lots sharing a driveway. Combined the subject property is a 10,614-square foot, eighteen-unit apartment community located at 2116 & 2118 Vanderbilt Lane in Redondo Beach. Built in 1960, the property sits on a large 15,013-square foot double lot and is two stories over private garage parking. The Mosaic on Vanderbilt is comprised of (2) studios, (12) one-bedroom with one-bathroom units, and (4) two-bedroom with one-bathroom units. Generally, the units are in original condition but have been well maintained and selectively updated over time. Parking consists of 36 spaces with 18 one-car garages with an additional tandem space in front of each garage. Building amenities include two laundry rooms (leased) for tenant convenience.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Single DoorTandem Garage Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Flooring VinylCarpet Heating Electric Heating YN Yes Laundry Features Community

    Property Features

    Country Us Gross Income 363600.00 Gross Multiplier 18.29 Gross Operating Income 361368.00 Laundry YN Yes Net Operating Income 213777.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 147885.00 Zoning Rbr-3

    Listing provided courtesy of Steffan Braunlich of Berkadia


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T00:28:53.443. 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 deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731