2718 Vanderbilt Lane B, Redondo Beach, California 90278, Redondo Beach, 90278 - 3 bed, 2 bath
2718 Vanderbilt Lane B
Redondo Beach, California 90278
Property Price
SUMMARY
Analysis of 2718 Vanderbilt Lane B, Redondo Beach, California 90278 is currently available with a list price of $949,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
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Built in 1981, the property is well-maintained but shows signs of being outdated.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.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Birney Elementary School (9/10).
- Prime Coastal Location
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.
- Immediate Rental Income
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.
CONSRISKS & DEFICIENCIES
- High Association Fees
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.
- Limited Immediate Occupancy
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.
- Dated Construction Era
Built in 1981, the property may require upcoming capital expenditures for system upgrades or cosmetic modernizations to remain competitive with newer area developments.
About 2718 Vanderbilt Lane B
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 7,529 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2200.0 / Month
Neighborhood Insights
Redondo Beach Unified Schools
Washington Elementary School
Grades K-5 • 0.6 mi
Birney Elementary School
Grades K-5 • 0.9 mi
Jefferson Elementary School
Grades K-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 59% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,722 | 1,227 | 77% |
| Lot Size | 7,529 | 11,375 | 45% |
| Price | $949.0K | $899.0K | 55% |
| Price per sq ft | $551 | $676 | 9% |
| Built year | 1981 | 1991 | 41% |
| HOA | $2200.0 | $342 | 95% |
| Days on market | 16 | 136 | 5% |
Pricing History
Listed for Sale
Feb 18, 2026
$949,000
Initial Listing