1921 Vanderbilt Lane

    Redondo Beach, CA 90278
    • $2,195,000
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: SB18209689
    UPDATED: 40 min ago
    $2,195,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,954
      SQFT
    • $443
      $/SQFT
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    PRICE REDUCED! SELLER VERY MOTIVATED! HAVE IDENTIFIED UPLEG PROPERTY AND NEED TO CLOSE BY END OF YEAR! Great Investment Opportunity with this Stunningly Magnificent, Multi-Family, 4-Unit Building in North Redondo. It offers an ideal unit mix with a separate, free-standing, two-story +G+owner+GGs+G- unit at the front of the property featuring 3 bed & 2.5 bath. The other 3 units consist of two, tri-level, 2 bed & 1.5 bath units and one upstairs 1 bed & 1 bath unit. The GIANT, front 3 bed/2.5 bath Unit has been recently remodeled with a large living room with cathedral ceilings & open beams, large kitchen with eat-in area, another formal dining room (or family room,) a +-+ bath, and direct access to an outside, private patio on the first floor. Upstairs is a laundry area with W/D hookups and all 3 bedrooms. The first two bedrooms are both good sized, have large closets, and share a Jack & Jill bathroom with the second bedroom featuring its own sink. The third bedroom is a true master suite, with it+GGs own +-+ bath & large walk-in closet. This unit also features its own, separate 3 car attached garage with direct access to unit. Unit also features. All three of the units at the back of the property have ground-level entryways and feature their own back yard. There is a leased, coin-operated laundry room for these units that generates more income and assigned garage spaces as well. DRIVE BY ONLY....DO NOT WALK THE PROPERTY OR DISTURB ANY OF THE TENANTS! Submit offers +G+subject to inspection.+G-

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T19:30:11.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/86946165

    1921 Vanderbilt Lane Redondo Beach, CA 90278

    • Price: $2,195,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: SB18209689
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,954
    SQFT
    $443
    $/SQFT
    1973
    Built
    Neighborhood:
    152 - N Redondo Bch/Villas South
    County:
    Los Angeles
    Area:
    152 - N Redondo Bch/Villas South
    Property Description
    PRICE REDUCED! SELLER VERY MOTIVATED! HAVE IDENTIFIED UPLEG PROPERTY AND NEED TO CLOSE BY END OF YEAR! Great Investment Opportunity with this Stunningly Magnificent, Multi-Family, 4-Unit Building in North Redondo. It offers an ideal unit mix with a separate, free-standing, two-story +G+owner+GGs+G- unit at the front of the property featuring 3 bed & 2.5 bath. The other 3 units consist of two, tri-level, 2 bed & 1.5 bath units and one upstairs 1 bed & 1 bath unit. The GIANT, front 3 bed/2.5 bath Unit has been recently remodeled with a large living room with cathedral ceilings & open beams, large kitchen with eat-in area, another formal dining room (or family room,) a +-+ bath, and direct access to an outside, private patio on the first floor. Upstairs is a laundry area with W/D hookups and all 3 bedrooms. The first two bedrooms are both good sized, have large closets, and share a Jack & Jill bathroom with the second bedroom featuring its own sink. The third bedroom is a true master suite, with it+GGs own +-+ bath & large walk-in closet. This unit also features its own, separate 3 car attached garage with direct access to unit. Unit also features. All three of the units at the back of the property have ground-level entryways and feature their own back yard. There is a leased, coin-operated laundry room for these units that generates more income and assigned garage spaces as well. DRIVE BY ONLY....DO NOT WALK THE PROPERTY OR DISTURB ANY OF THE TENANTS! Submit offers +G+subject to inspection.+G-
    Exterior Features

    Architectural Style Traditional Carport Spaces 2.00 Construction Materials Stucco Garage Spaces 6.00 Lot Features Back YardFront YardLandscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCovered ParkingDirect Garage AccessGarage - Rear EntryGarage - Single DoorGarage - Two Door Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof CompositionFlat View City Lights View YN Yes

    Interior Features

    Appliances DishwasherElectric OvenElectric StoveMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Flooring CarpetVinylWood Heating Wall Heater Heating YN Yes Interior Features Beamed CeilingsBuilt-InsCeiling FanHigh Ceilings (9 Feet+)Stone Counters Laundry Features AreaCommunityInside Levels Three Or More Room Type Family RoomJack & JillMaster SuiteWalk-In Closet

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.58 Community Features SidewalksUrban Country Us Electric Expense 715.00 Elevation Units Feet Exclusions Coin-Operated Laundry Machines Are Leased Fuel Expense 1230.00 Gardener Expense 960.00 Gross Income 121520.00 Gross Scheduled Income 121520.00 Insurance Expense 2600.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 1520.00 Laundry YN Yes Net Operating Income 78573.00 New Construction YN No New Taxes Expense 33750.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 42947.00 Other Expense 80.00 Other Expense Description Other Pest Control Expense 522.00 Property Condition TurnkeyUpdated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 10000.00 Total Expenses 42947.00 Trash Expense 990.00 Water Sewer Expense 2100.00 Water Source Public Zoning Rbr-3

    Listing provided courtesy of Anthony Calvin of Keller And Associates Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T19:30:11.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
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    Irvine CA, 92604