2718 Vanderbilt Lane B, Redondo Beach, California 90278, Redondo Beach, 90278 - 3 bed, 2 bath
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Redondo Beach, California 90278
This Spacious Coastal Condominium represents a Strong Value Opportunity, with a List Price of $949,000 positioned well below the $989,453 Fair Market Value by 4%. This valuation gap offers $40,453 in Instant Equity. While maintaining a Condition Rating of 4, the 1,722 sqft layout provides significant upside for cosmetic modernization. The asset is zoned for the elite Birney Elementary (9/10) and features rare multi-car parking. Delivered tenant-occupied, it ensures immediate cash flow in a high-demand South Bay pocket. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2718 Vanderbilt Lane B Subject | $949,000* List Price | 3 | 2 | 1,722 | $575 | - |
A 18204 Kingsdale Sold | $791,000 | 2 | 3 | 1,218 | $649 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, the property is well-maintained but shows signs of being outdated. The kitchen and bathrooms retain older cabinetry and finishes consistent with the original construction era or minor updates from over 15 years ago. While functional and suitable for its current tenant-occupied status, the interior features older carpeting and standard light fixtures that lack modern appeal.
Elementary School: Birney Elementary School (9/10).
Situated in the heart of Redondo Beach, the property offers excellent proximity to the beach, local dining, and shopping in a highly sought-after South Bay neighborhood.
The unit is delivered with a tenant in place, providing a turnkey opportunity for investors to generate immediate cash flow without the need for initial marketing or leasing.
The listed association fee of $2,200 is exceptionally high for a 3-unit complex, which may significantly impact the net operating income for investors.
Because the property is sold with a tenant in place, it is not an ideal option for owner-occupants looking to move in immediately upon closing.
Built in 1981, the property may require upcoming capital expenditures for system upgrades or cosmetic modernizations to remain competitive with newer area developments.
Located in the heart of Redondo Beach, this 3 bedroom, 2 bathroom condo offers a fantastic coastal investment opportunity within a well-maintained 3-unit complex. The property features a charming front yard area enclosed by a classic white picket fence and shaded by a mature tree, creating inviting curb appeal. The spacious layout includes generously sized bedrooms, ample natural light, and a comfortable living environment ideal for long-term tenancy. A large driveway provides convenient access to garage parking and additional off-street parking, a rare find in this highly desirable beachside community. Situated close to local dining, shopping, award-winning schools, and just minutes from the sand, this property combines location, functionality, and steady rental potential. The unit is currently tenant occupied and will be delivered with the current tenant in place, making it an excellent opportunity for investors seeking immediate income in one of the South Bay's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 62% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,722 | 1,191.5 | 77% |
| Lot Size | 7,529 | 13,016.5 | 42% |
| Price | $949.0K | $904.0K | 54% |
| Price per sq ft | $551 | $712 | 8% |
| Built year | 1981 | 1991 | 42% |
| HOA | $2200.0 | $342 | 96% |
| Days on market | 63 | 150 | 12% |
Feb 18, 2026
$949,000
Initial Listing