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Listing 19 out of 228
Sold for $1,970,000 Sold

1921 Vanderbilt Lane
Redondo Beach, CA 90278

4 units | Multi Family Home
7501 sq ft - MLS# SB18209689
Property Photo

Sold

Sold for $1,970,000 on Jan 28, 2019

Description

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 “owner’s” 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 ½ 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’s own ¾ 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 “subject to inspection.”

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $2,195,000
  • Zip Code: 90278
  • Year Built: 1973
  • Style: Traditional
  • Stories: Three Or More
  • Units: 4 units
  • # of Parking Spaces: 8.00
  • Lot Size: 7501 sq ft
  • View: City Lights, Yes
  • Zoning: RBR-3
  • Area: 152 - N Redondo Bch/Villas South
  • Appliances: Dishwasher, Electric Oven, Electric Stove, Microwave, Refrigerator
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4954.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.58
  • Carport Spaces: 2.00
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks, Urban
  • Construction Materials: Stucco
  • Country: US
  • Directions: From Artesia Bl, Turn South on Green Ln, then West on Vanderbilt Ln
  • Electric Expense: 715.00
  • Flooring: Carpet, Vinyl, Wood
  • Fuel Expense: 1230.00
  • Garage Spaces: 6.00
  • Gardener Expense: 960.00
  • Gross Income: 121520.00
  • Gross Scheduled Income: 121520.00
  • Heating: Wall Heater
  • Heating YN: Yes
  • Insurance Expense: 2600.00
  • Interior Features: Beamed Ceilings, Built-Ins, Ceiling Fan, High Ceilings (9 Feet+), Stone Counters
  • Laundry Equipment Own Lease: Lease
  • Laundry Features: Area, Community, Inside
  • Laundry Income: 1520.00
  • Laundry YN: Yes
  • Listing Agent License: 01751610
  • Listing Office License: 01751610
  • Lot Features: Back Yard, Front Yard, Landscaped
  • Lot Size Area: 7503.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 78573.00
  • New Taxes Expense: 33750.00
  • Number Of Buildings: 2
  • Number Of Rented Garages: 6
  • 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
  • Parking Features: Assigned, Covered Parking, Direct Garage Access, Garage - Rear Entry, Garage - Single Door, Garage - Two Door
  • Parking YN: Yes
  • Pest Control Expense: 522.00
  • Property Attached YN: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Roof: Composition, Flat
  • Room Type: Family Room, Jack & Jill, Master Suite, Walk-In Closet
  • Selling Agent: Anthony Calvin
  • Selling Agent License: 01751610
  • Selling Office: Keller And Associates Realty
  • Selling Office License: 01751610
  • Sewer: Public Sewer
  • Total Actual Rent: 10000.00
  • Total Expenses: 42947.00
  • Trash Expense: 990.00
  • Water Sewer Expense: 2100.00
  • Water Source: Public
  • Sold Price: 1970000.00
  • Sold Date: 2019-01-28 00:00:00
Courtesy of Keller And Associates Realty, Anthony Calvin

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