2306 Vanderbilt Lane

Redondo Beach, CA 90278

$2,995,000
Price
12
Beds
6
Baths
4,350 Sq. Ft.
$689 / Sq. Ft.
4,350
Sq. Ft.
$689
per Sq. Ft.

Description

This six unit apartment complex located in the heart of North Redondo Beach is located less than two miles from the beach. Each unit is two bedrooms-one bathroom with in unit washers/dryers/hookups. Five of the six units were renovated with white cabinets, vinyl wood floors, stainless steel appliances, and upgraded electrical, mechanical and plumbing. Two of the units boast private balconies. There is ample parking with six garage and six surface spaces which offers a great opportunity to add ADUs....This six unit apartment complex located in the heart of North Redondo Beach is located less than two miles from the beach. Each unit is two bedrooms-one bathroom with in unit washers/dryers/hookups. Five of the six units were renovated with white cabinets, vinyl wood floors, stainless steel appliances, and upgraded electrical, mechanical and plumbing. Two of the units boast private balconies. There is ample parking with six garage and six surface spaces which offers a great opportunity to add ADUs. The property underwent seismic retrofitting and is fully occupied. Rents below market. Don't miss this opportunity to own a piece of the South Bay! No local rent control - subject to California SB 1482.
  1. Listed by Melanie Archer • DRE #02109068 • Brokerage DRE #02109068 • Archer Investment & Consulting Inc.

Property Details for 2306 Vanderbilt Lane

Parking Spaces Total
12
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4350
Assessor Parcel Number
4157-006-009
Property Attached YN
true

Location

Listing Courtesy of Archer Investment & Consulting Inc., Melanie Archer, DRE #02109068
Add your commute
LISTING UPDATED: 04/16/2024 12:49 PM

Property Details for 2306 Vanderbilt Lane

StatusActive
MLS #SB24058632
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1960
Lot Size0.17 AC / 7,503 SF
CountyLos Angeles County

Location

Listing Courtesy of Archer Investment & Consulting Inc., Melanie Archer, DRE #02109068
Add your commute

Building Information for 2306 Vanderbilt Lane

Stories2Residences-Year Built1960Building Size-Lot Size0.17 AC / 7,503 SF

Payment Calculator

$18,409 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,345

Property Taxes

$2,064

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2306 Vanderbilt Lane

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $163,536
  • Gross Scheduled Income: $163,536
  • Vacancy Allowance: 4906
  • Net Operating Income: $108,639
Expense Details
  • Operating Expense: $4,991
  • Fuel Expense: $0
  • Electric Expense: $2,453
  • Insurance Expense: $4,367
  • Professional Management Expense: $0
  • Other Expense: $7,228
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $4,991
Tax / Assessment Info
  • Tax Block: 16
  • Tax Tract Number: NA
  • Tax Census Tract: 6206.01
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Park, Watersports
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2895
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,257
  • Unit Type Total Rent: $2,257
  • Unit Type Pro Forma: 2895
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,148
  • Unit Type Total Rent: $2,148
  • Unit Type Pro Forma: 2695
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,012
  • Unit Type Total Rent: $2,012
  • Unit Type Pro Forma: 2695
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,311
  • Unit Type Total Rent: $2,311
  • Unit Type Pro Forma: 2695
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2695
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 2306 Vanderbilt Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2306 Vanderbilt Lane

Taxable ValueLand$1,365,392Additions$683,195Total$2,048,587
Tax Record2023$24,772 ($2,064 / month)
Home Facts
Total Finished SqFt4,350 SqFtAbove Grade Finished SqFt4,350 SqFtLot Size7,501 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningRBR-3CountyLOS ANGELESAPN4157-006-009

Schools near 2306 Vanderbilt Lane

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Birney Elementary School
PublicK to 5

Adams Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2306 Vanderbilt Lane is a mixed use property for sale in Redondo Beach, CA 90278. This property was listed for sale on March 26, 2024 by Archer Investment & Consulting Inc., it's currently listed at $2,995,000. It has been on the market for a total of 36 days and was last sold on October 9, 2015. This listing's school district is Redondo Beach Unified School District. Nearby schools include Birney Elementary School, Adams Middle School and Redondo Union High School. 2306 Vanderbilt Lane is a 12-bed, 6-bath, 4,350 sqft mixed use property built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Archer Investment & Consulting Inc., Melanie Archer, DRE #02109068

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.