First time on the market! 1900 & 1904 Vanderbilt Ln, a unique and rare value-add multi-family investment opportunity situated in the heart of North Redondo Beach, a highly desirable area within the South Bay region of Los Angeles County. Offered for the first time in approximately half a century, this maintained apartment complex, known as the Vanderbilt Apartments, comprises five separate buildings located on two generous parcels, enhanced by landscaping that provides both privacy and curb appeal. The property features a desirable unit mix of spacious, well-designed apartments, which appeal to a broad tenant base in one of Southern California's most sought-after rental markets. Key features of this multi-family investment property include a variety of unit sizes, private garages, refreshed kitchen cabinets, laminate and tile flooring, and patio areas. The buildings are located on approximately 22,000 SF lot, comprising two parcels individually metered for gas and electricity. The property has a functional layout, with 16 units (+1 n/c) in 5 separate structures, including two freestanding units, one detached, and one over garages. It offers 15 garage spaces with possible ADU potential (Buyer to Verify). North Redondo Beach is known for its strategic location, less than 20 miles from Los Angeles and its proximity to Los Angeles International Airport (LAX), as well as its proximity to the South Bay Galleria, which offers a wide array of shopping, dining, and entertainment options. The area also benefits from convenient access to major transportation routes, including freeways, and boasts a mix of residential streets, urban parks, and local charm. Its proximity to the coastline and beaches, including the Redondo Beach Pier and the Hermosa Pier, and its location within the Redondo Beach Unified School District, which includes highly regarded schools like Birney Elementary, Adams Middle School, and Redondo Union High School, make it a highly desirable location. This property presents an exceptional value-add investment opportunity, being on the market for the first time in over 45 years. Redondo Beach's strong rental market, desirable location, and the South Bay area's history of strong property value appreciation, combined with a significant rental upside (estimated at +/-52%) and its status as a generational asset with strong fundamentals, position it for substantial appreciation and income growth in an unbeatable Southern California coastal setting.
For sale
Listing Provided by:
Justin McCardle DRE #01895720 310-606-0192,
Growth Investment Group Pasade
$6,075,000
1900 Vanderbilt Ln, Redondo Beach, CA 90278
33beds
16baths
13,511sqft
Est.:
Multi Family
Built in 1964
-- sqft lot
$5,866,000 Zestimate®
$450/sqft
$-- HOA
What's special
Desirable unit mixFunctional layoutPatio areasSpacious well-designed apartmentsRefreshed kitchen cabinetsLaminate and tile flooringPrivacy and curb appeal
- 48 days
- on Zillow |
- 173 |
- 15 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: June 20, 2025 at 07:30pm
Listing Provided by:
Justin McCardle DRE #01895720 310-606-0192,
Growth Investment Group Pasade
Source: CRMLS,MLS#: AR25138781
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 33
- Bathrooms: 16
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 13,511
- Total interior livable area: 13,511 sqft
Property
Parking
- Total spaces: 20
- Parking features: Garage
- Garage spaces: 15
- Uncovered spaces: 5
Features
- Entry location: Street
- Pool features: None
Lot
- Size: 0.52 Acres
Details
- Additional parcels included: 4156006029
- Parcel number: 4156006027
- Zoning: RBR-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Redondo Beach
Financial & listing details
- Price per square foot: $450/sqft
- Date on market: 6/20/2025
- Listing terms: Cash,Cash to New Loan
- Tenant pays: Electricity, Gas
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