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    2116 Vanderbilt Ln

    Redondo Beach, CA 90278
    • $6,650,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 20-633552
    UPDATED: 126 min ago
    $6,650,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,614
      SQFT
    • $627
      $/SQFT
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    The Mosaic on Vanderbilt is two twin 9-unit apartment buildings with 9 private garages each on two adjacent lots sharing a driveway. Combined the subject property is a 10,614-square foot, eighteen-unit apartment community located at 2116 & 2118 Vanderbilt Lane in Redondo Beach. Built in 1960, the property sits on a large 15,013-square foot double lot and is two stories over private garage parking. The Mosaic on Vanderbilt is comprised of (2) studios, (12) one-bedroom with one-bathroom units, and (4) two-bedroom with one-bathroom units. Generally, the units are in original condition but have been well maintained and selectively updated over time. Parking consists of 36 spaces with 18 one-car garages with an additional tandem space in front of each garage. Building amenities include two laundry rooms (leased) for tenant convenience.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-28T23:42:26.74. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/110072587
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    2116 Vanderbilt Ln Redondo Beach, CA 90278

    • Price: $6,650,000
    • Status: Active
    • Updated: 126 min ago
    • ID#: 20-633552
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    10,614
    SQFT
    $627
    $/SQFT
    1960
    Built
    Neighborhood:
    N. Redondo Beach/Villas South
    County:
    Los Angeles
    Area:
    N. Redondo Beach/Villas South
    Property Description
    The Mosaic on Vanderbilt is two twin 9-unit apartment buildings with 9 private garages each on two adjacent lots sharing a driveway. Combined the subject property is a 10,614-square foot, eighteen-unit apartment community located at 2116 & 2118 Vanderbilt Lane in Redondo Beach. Built in 1960, the property sits on a large 15,013-square foot double lot and is two stories over private garage parking. The Mosaic on Vanderbilt is comprised of (2) studios, (12) one-bedroom with one-bathroom units, and (4) two-bedroom with one-bathroom units. Generally, the units are in original condition but have been well maintained and selectively updated over time. Parking consists of 36 spaces with 18 one-car garages with an additional tandem space in front of each garage. Building amenities include two laundry rooms (leased) for tenant convenience.
    Exterior Features

    Covered Parking 18 Lot Size Area 15013 Other Structures None Parking Garage Garage - 1 CarTandem Total Parking 36

    Interior Features

    Baths Total 9.00 Cooling None Equipment None Flooring VinylCarpet Heating Electric Laundry Community Laundry Equipment Lease

    Property Features

    Assessed Total Value 162188 Gross Income 363600 Gross Operating Income 361368 Like Units1 2 Like Units2 12 Like Units3 4 Net Operating Income 213777.00 Number Of Buildings 2 Number Of Units 18 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 147885 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Rbr-3

    Listing provided courtesy of Steffan Braunlich DRE#01859098 of Berkadia.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-28T23:42:26.74. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355