Residential Income - 2311 Vanderbilt Ln., Redondo Beach, CA

$2,625,000

2311 Vanderbilt Ln., Redondo Beach, CA

2311 Vanderbilt Ln., Redondo Beach, CA 90278 - $2,625,000 · Multi-Family Home for Sale, photo 3

2311 Vanderbilt Ln., Redondo Beach, CA 90278 - $2,625,000 · Multi-Family Home for Sale, photo 4

2311 Vanderbilt Ln., Redondo Beach, CA 90278 - $2,625,000 · Multi-Family Home for Sale, photo 5

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Description

This is a rare opportunity to acquire a six-unit apartment building in the desirable North Redondo Beach rental market. Situated on a 7,500 square foot lot, this 4,957 square foot multi-family property offers a desirable mix of units, strong emplaced income, and significant long term upside. The property features an onsite laundry facility, enclosed garage parking, and a history of strong tenant demand. Located just minutes to the beach, major employment centers, shopping, dining, and award winning schools. Investors will appreciate the combination of current cash flow, rental growth potential, and the stability of an established multi-family asset.

Property details

Year built

1961

Property type

Residential Income

Lot size

7,500 sqft

Location

2311 Vanderbilt Ln. • Redondo Beach, CA 90278

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Listed by

Gary Smallwood · Smallwood Real Estate & Investments

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Recent sales near 2311 Vanderbilt Ln.

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Closed sales reported in 90278, nearest first, last 12 months. All recent sales in Redondo Beach →