2203 Vanderbilt Ln, Redondo Beach, CA 90287

2203 Vanderbilt Ln, Redondo Beach, CA 90287

Redondo Beach, CA

Property Description

Lyon | Stahl is pleased to present 2203 Vanderbilt Lane in Redondo Beach. This 1973 construction duplex consists of one 4-Bedroom Owner’s Unit and one 2-Bedroom unit, for a total area of 3,316 livable sq. ft. 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.

<strong>Investment Highlights: </strong>

● (1) 4-Bed/2-Bath &amp; (1) 2-Bed/2-Bath Unit
● 4 Bedroom Unit is owner-occupied &amp; 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!

Property Features

  • Sale Price: $1,275,000
  • Area Size: 3,316 SF
  • Land Area: 4,996 SF
  • Year Built: 1973
  • Closing Date: 2/12/19
  • Units: 2
  • Current GRM: 16.87
  • Current Cap Rate: 4.06%
  • Price Per Unit: $637,500
  • Current NOI: $51,765.90

Lyon Stahl Investment Real Estate

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