2311 Vanderbilt Ln. Redondo Beach, CA $ 2,700,000
2311 Vanderbilt Ln.
$ 2,700,000
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2311 Vanderbilt Ln.

Redondo Beach, CA, 90278
$ 2,700,000
Baths1.0 Sq 4,957

Monthly Estimate*

$ 16,624

Listed by Smallwood Real Estate & Investments
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Studio

Multi-Family Home for sale in Redondo Beach, CA

for $2,700,000 with 1 full bath. This 4,957 square foot home was built in 1961 on a lot size of 0.1722.

This is a rare opportunity to acquire a six-unit apartment building in the desirable North Redondo Beach rental market. Situated on a 7,500 square foot lot, this 4,957 square foot multi-family property offers a desirable mix of units, strong emplaced income, and significant long term upside. The property features an onsite laundry facility, enclosed garage parking, and a history of strong tenant demand. Located just minutes to the beach, major employment centers, shopping, dining, and award winning schools. Investors will appreciate the combination of current cash flow, rental growth potential, and the stability of an established multi-family asset.

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Multi-Family Active

Price

$ 2,700,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1722

Year Built

1961

Town/City

Redondo Beach

County/Region

Los Angeles

MLS | Web ID

SB26133495

Days on Market

3

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Disposal Gas Oven Refrigerator Dryer Washer
Garage Spaces 6
Pool Features None
Year Built 1961
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Mixed Use
Gross Income 14415
Community Features Biking Curbs Fishing Storm Drain(s) Street Lights Sidewalks
County Los Angeles
Net Operating Income 124723
Operating Expense 48257
Insurance Expense 3050
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Between PCH and Hawthorne Blvd. South side of Artesia Blvd.
City Redondo Beach
Entry Location Street
Senior Community Y/N false
Number Of Units Total 6
MLS Area 152 - N Redondo Bch/Villas South
Lot Size Units Square Feet
Lot Size Square Feet 7500
Number of Units Leased 6
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1840
Fuel Expense 600
Trash Expense 2160
Water Sewer Expense 2000
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 18
Property Sub Type Additional Mixed Use
Cap Rate 4.6
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Interior
Interior Amenities Ceiling Fan(s) Granite Counters
Flooring Tile
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area Laundry Room
Entry Level 1
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Exterior
Parking Features Assigned Door-Multi Garage Garage Faces Side
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 6
Inclusions Washer and Dryer
Lot Size Area 7500
Number of Buildings 1
Building Area Total 4957
Lot Size Acres 0.1722
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 7
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* Excluded Features
List By
Smallwood Real Estate & Investments

Broker

smallwood8284@yahoo.com

Email

Affordability Calculator

$16,624
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,624
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$2,700,000 Listed Price

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2311 Vanderbilt Ln., Redondo Beach, CA, 90278 is a Multi-Family Home for sale at $2,700,000 with 4,957 sqft and a lot size of 0.1722. 2311 Vanderbilt Ln. is a studio with 1.0 baths and was built in 1961. The property's zip code is 90278 which is in Redondo Beach, CA