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SOLD 5/16/2022

2313 Vanderbilt Lane, Redondo Beach, CA 90278$2,670,500

16
beds
8
baths
4956
ft2
· 7486
ft2 lot
$656 / ft2

Listing provided courtesy of Listing Broker: Peggy Higuchi, Berkshire Hathaway HomeService
Source CRMLS;
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GOLDEN OPPORTUNITY Knocks in Prime North Redondo Beach Neighborhood Next to Posh Manhattan Beach. FIXER & UPSIDE POTENTIAL - VALUE-ADD Investor's Dream. First Time on Market in Over 35 Years. RARELY Does an 8-Unit Apartment Building with 2 Bedrooms & 1 Bath Each (Total 16 Bdrm & 8 Bath) Come Up For Sale in the South Bay. Total 4,956 SQFT. Zone RB3, Huge 7,486 SQFT Lot Size 50' X 150' per Assessors Data (Buyer & Agents to Verify). Private Parking Spaces Along the Side for 8 Vehicles Plus One Extra for Maintenance Truck. Separate Gas & Electric Meters for Each Unit. On-site Community Laundry Room. Conveniently Located to Public Transportation, Shopping, Eateries, Restaurants, Coffee Shops, Theatre, Award Winning Redondo Beach Schools, Parks and Beaches.

HOA

$0/month

On market

15 days

Year built

1946

Property type

Condo

Parking

9

MLS

PV22008927

Price / Sq.Ft.

$656 / ft2

Status

Closed

Buyer’s Brokerage Commission

2%

Home details for 2313 Vanderbilt Lane

Interior Features & Layout
Appliances
•   
Laundry Details: Common Area, Electric Dryer Hookup, Individual Room, Washer Hookup
•   
Laundry: 1
Interior Features
•   
Electric Details: Standard
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Average2 Bed Area: 619
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 4956.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway, Driveway Level, Parking Space, Private
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 9.00
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Maintained
•   
Number Of Buildings: 1
•   
Total Units: 8
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: RBR-3
•   
Roof: Composition
•   
Foundation Details: Raised
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 6-10 Units/Acre, Rectangular Lot, Near Public Transit
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1719
•   
Lot Size Area: 7486.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: Mid Century Modern
•   
Common Interest: Community Apartment
Property Features
•   
Property Condition: Fixer
•   
Common Walls: 2+ Common Walls
Exterior Features
•   
Direction Faces: Southwest
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 8
•   
Utilities: Electricity Available, Electricity Connected, Natural Gas Connected, Natural Gas Not Available, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 8
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Garage Income: 0.00
•   
Gross Operating Income: 121640.00
•   
Garage Rental Rate: 0.00
•   
Water Sewer Expense: 5921.00
•   
Laundry Income: 1100.00
•   
Vacancy Allowance Rate: 0.00
•   
Laundry Equipment Own Lease: Lease
•   
Fuel Expense: 2025.00
•   
Trash Expense: 2837.00
•   
Insurance Expense: 2097.00
•   
Professional Management Expense: 7451.00
•   
Total Expenses: 21057.00
•   
Gross Scheduled Income: 121640.00
•   
Tax Block: 5
•   
Operating Expense: 25995.00
•   
Gardener Expense: 330.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 1100.00
•   
Tax Year: 2021
•   
Taxes: 7585.06
Lease Info
•   
Net Operating Income: 95645.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 396.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1460.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1460.00
Unit 7 Information
•   
Unit 7 Garage Spaces: 0.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1050.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1050.00
•   
Unit 7 Bedrooms: 2
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1100.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1100.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 0.00
•   
Unit 8 Actual Rent: 1150.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 1150.00
•   
Unit 8 Bedrooms: 2
•   
Unit 8 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1460.00
•   
Unit 1 Total Rent: 1460.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1725.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1725.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 1050.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1050.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 8
•   
Price Per Unit: 406250
Unit 6 Information
•   
Unit 6 Actual Rent: 1050.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1050.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 2
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: West of Inglewood & South of Artesia (Vanderbilt is One way street going west from McKay Ln to Slauson Ln)
Other
Calculation
•   
Dom: 15
•   
Cdom: 15

Neighborhood snapshot

24
Properties for sale
7
Median days on market
$662.22
Median sold price/sqft
104.81%
Sold/List %
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Property History for 2313 Vanderbilt Lane

05/16/2022
05/16/2022
CRMLS #PV22008927
sold
CRMLS #PV22008927
$2,670,500
--17.83%
02/17/2022
02/17/2022
CRMLS #PV22008927
pending
CRMLS #PV22008927
$3,250,000
02/02/2022
02/02/2022
CRMLS #PV22008927
active
CRMLS #PV22008927
$3,250,000

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