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Just Listed – Duplex in Redondo Beach, CA

Just Listed – Duplex in Redondo Beach, CA

Lyon | Stahl is pleased to present 2203 Vanderbilt Ln, a duplex located in Redondo Beach!
This property consists of one 4-Bedroom Owner’s Unit and one 2-Bedroom unit, totaling 3,316 of livable square footage.

Listed at $1,275,000 this building was built in 1973, has a GRM of 16.87, and a cap rate of 4.06%.

 The 4-Bedroom unit is owner occupied and will be delivered vacant at the close of escrow.
Situated on a 4,996 SF lot, this property features two 2-car garages with four
additional driveway spaces and a brand new roof, replaced this year.

This is a great opportunity for an owner-user or an investor to own prime real estate in an area with limited inventory,
just a mile away from the massive proposed Southbay Galleria development.

 

 

Investment Highlights: 

● (1) 4-Bed/2-Bath & (1) 2-Bed/2-Bath Unit
● 4 Bedroom Unit is owner-occupied & will be delivered vacant
● 3,316 SF Building situated on a 5,000 SF Lot
● 1973 Construction | (2) 2-Car Garages
● First time on the market in over 20 years!



City Overview:
Redondo Beach is one of three Beach Cities in the South Bay region of Los Angeles bordered by Manhattan Beach, Hermosa Beach, Torrance, Hawthorne, and Lawndale. A main attraction to the city is the Redondo Beach Pier which is the largest endless pier on the California coast.

Much of Redondo Beach’s lifestyle is influenced by its sister cities: Manhattan Beach and Hermosa Beach. The city maintains permanent beach volleyball nets year-round and dedicates lanes to the bike path that runs past the Redondo Beach King Harbor Marina complex. Surfing is another essential element to the South Bay lifestyle.

Properties in Redondo Beach within walking distance of the Pacific Ocean routinely sell for above-average prices. The median price of homes listed in the Redondo Beach real estate market is currently $1,100,000 and home values have gone up 8.4% over the past year.

Redondo Union High School is the zoned high school within the Redondo Beach Unified School District and is ranked in the top 50 high schools in California. Also within the school district are two middle schools, and eight elementary schools, all evenly divided between North and South Redondo Beach.

Redondo Beach can be commonly seen in popular TV shows and films including Baywatch, Dexter, The O.C., 24, CSI: Miami, 90210, Point Break, Pirates of the Caribbean: At World’s End, and Pulp Fiction.

 

 

 

To learn more about this property:

 

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