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Listed by Joseph Nuzzolo • Thompson Team Real Estate, Inc.
$2,499,000
Est. payment /mo
9,617 Sqft Lot
Active
2319 Vanderbilt LN Redondo Beach, CA 90278
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25082617
Originating Board California Regional MLS
Year Built 1956
Lot Size 9,617 Sqft
Property Description
Thompson Team Real Estate is proud to offer this 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.
Location
State CA
County Los Angeles
Area 153 - N Redondo Bch/El Nido
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 4157003025
Special Listing Condition Not Applicable
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