2704 Vanderbilt Lane, Redondo Beach, CA 90278
Property · 2 recorded sales since 2014
Sold November 2015
Listing Agent: Brice Head (DRE #01330706) · Listing Office: RE/MAX Commercial & Inv Realty · Contact: 310-802-2500 · Bought with: Christopher Arvizu · Christopher Arvizu, Broker · MLS #SB15210846 · Source: CRMLS
About this property
Beautifully-upgraded & exceptionally well-managed asset with the added cache of a Redondo Beach address. The units have been extensively rehabbed to a very high-level of 'fit and finish'. Too many improvements to mention; however, the interior capital investment has totaled approximately $300K, while the exterior has totaled approximately $90K. The tenants enjoy a secured courtyard, washers/dryers in some units, as well as secured, garage parking. The building is separately metered for electric & there is an on-site laundry room with 4 machines - in addition to machines inside each unit. These are the closest thing to condo quality apartments that exist in Redondo Beach. The Azure Apartments are the epitome of a turn-key investment. This asset is a pride of ownership addition to one' s portfolio - a perfect upleg for an exchange buyer. It will serve as a virtually passive investment for an investor looking for a high quality & well run multi-family property. The building is located in a highly accessible location unlike other, land-locked Redondo neighborhoods, near Palos Verdes. The asset is 2 minutes to the 405 Fwy attracting a tenant base working in the surrounding South Bay industries: aerospace, oil, gas, tech and of course, The Port of LA.
Listing description from the November 2015 sale, as reported to CRMLS.
Sale history
