2311 Vanderbilt Ln., Redondo Beach, California 90278, Redondo Beach, 90278 - 0 bed, 0 bath
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Redondo Beach, California 90278
Analysis of 2311 Vanderbilt Ln., Redondo Beach, California 90278 is currently available with a list price of $2,700,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Redondo Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1961, this multi-family property is dated but functional. While some units show minor cosmetic updates like laminate flooring, the presence of popcorn ceilings, original wall heaters, and the condition of the laundry room indicate that systems and finishes are well over 20 years old and require modernization.
Elementary School: Birney Elementary School (9/10).
Situated in the high-demand North Redondo Beach market, the property is minutes from the beach and served by top-rated schools, ensuring consistently low vacancy rates and high tenant desirability.
The property offers significant long-term upside and rental growth potential, allowing investors to increase equity and cash flow by modernizing units and bringing rents to current market rates.
Built in 1961, the property may require significant capital expenditures for deferred maintenance or upgrades to major systems such as plumbing, electrical, and roofing to maintain its value.
As a multi-family asset in California, the property is subject to state rent control laws (AB 1482), which may limit the speed at which an investor can realize the projected rental upside.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
Jun 18, 2026
$2,700,000
Initial Listing
Sep 16, 2004
$1,300,000
Public Record
May 2, 2003
$1,175,000
Public Record
Dec 13, 2002
$885,000
Public Record