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Multifamily

Redondo Beach Portfolio Sale

2706 Vanderbilt Ln, Redondo Beach, CA 90278

Listing Price: $2,999,998

Cap Rate
3.62%
Number of Units
8
Price/Unit
$375,000
Price/Gross SF
$692.36
Gross SF
4,333

Investment Overview

Two extremely well maintained 8 unit buildings, mere blocks from each other – easy, scalable operation and management, should you buy both. But, either can be purchased, stand alone, as well. “Superb maintenance and renovations meets seam- less operation and collections.” Long-term, conscientious ownership with good taste, which is evident in the recent renovations: quartz surfaces in the kitchens and baths, subway tile backsplashes, shaker cabinetry, wood floors, new fixtures, new appliances, new doors, dual-pane windows, “you name it”. ALL units at Curtis renovated and most at Vanderbilt. 2 items of note: 2703 Curtis: ADU opportunity. Seller has hired an engineer, architect and contractor and paid for drawings for conversion of garage space into a Studio unit with walk-in shower and full kitchen around peninsula seating. Maybe even 2 ADUs do-able? (BTV). Also, the front 2 Bed unit has a highly desirable, newer, ensuite 2nd bathroom. 2706 Vanderbilt: Also an ADU opportunity, potentially. (BTV). An ideal investment opportunity: “Beach” in the name indicates a cool, coastal location and desirable lifestyle; while North Redondo retains much broader rental demand accessibility to freeways and major employers, than land-locked South Redondo. North Redondo is the best of both worlds.

Investment Highlights

  • Extensively Rehabbed 8 Unit Building
  • "Beach" Investment, but with Approachable Pricing Metrics vs Manhattan or Hermosa
  • Only Blocks Apart – Easy, Scalable Management
  • Strong, Historical Operations & Collections
  • ADU opportunity also
  • Offered together with 8 units at 2703 Curtis Avenue. Can be sold separately.

Exclusively Listed By

Multifamily

Redondo Beach Portfolio Sale

Listing Price: $2,999,998

Cap Rate
3.62%
Number of Units
8
Price/Unit
$375,000
Price/Gross SF
$692.36
Gross SF
4,333

Investment Highlights

  • Extensively Rehabbed 8 Unit Building
  • "Beach" Investment, but with Approachable Pricing Metrics vs Manhattan or Hermosa
  • Only Blocks Apart – Easy, Scalable Management
  • Strong, Historical Operations & Collections
  • ADU opportunity also
  • Offered together with 8 units at 2703 Curtis Avenue. Can be sold separately.

Investment Overview

Two extremely well maintained 8 unit buildings, mere blocks from each other – easy, scalable operation and management, should you buy both. But, either can be purchased, stand alone, as well. “Superb maintenance and renovations meets seam- less operation and collections.” Long-term, conscientious ownership with good taste, which is evident in the recent renovations: quartz surfaces in the kitchens and baths, subway tile backsplashes, shaker cabinetry, wood floors, new fixtures, new appliances, new doors, dual-pane windows, “you name it”. ALL units at Curtis renovated and most at Vanderbilt. 2 items of note: 2703 Curtis: ADU opportunity. Seller has hired an engineer, architect and contractor and paid for drawings for conversion of garage space into a Studio unit with walk-in shower and full kitchen around peninsula seating. Maybe even 2 ADUs do-able? (BTV). Also, the front 2 Bed unit has a highly desirable, newer, ensuite 2nd bathroom. 2706 Vanderbilt: Also an ADU opportunity, potentially. (BTV). An ideal investment opportunity: “Beach” in the name indicates a cool, coastal location and desirable lifestyle; while North Redondo retains much broader rental demand accessibility to freeways and major employers, than land-locked South Redondo. North Redondo is the best of both worlds.

Exclusively Listed By

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