| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 79th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2210 Vanderbilt Ln, Redondo Beach, CA, 90278, US |
| Region / Metro | Redondo Beach |
| Year of Construction | 1972 |
| Units | 25 |
| Transaction Date | 2012-01-17 |
| Transaction Price | $1,632,000 |
| Buyer | 2210 VANDERBILT LLC |
| Seller | VEARL SNEED FAMILY PROPERTIES INCORPORAT |
2210 Vanderbilt Ln, Redondo Beach Multifamily Value-Add
In a high-income coastal pocket with deep amenities and steady renter demand, neighborhood occupancy remains firm according to WDSuite’s CRE market data, supporting an operational focus on retention and rent optimization.
Redondo Beach’s A+–rated neighborhood profile ranks 35th of 1,441 Los Angeles–Long Beach–Glendale metro neighborhoods, placing it among the metro’s top tier for overall livability and investment fundamentals, based on CRE market data from WDSuite. Amenity density is a clear strength: restaurants, cafes, parks, groceries, and pharmacies all sit in the mid‑90s national percentiles, reinforcing daily convenience that helps support leasing velocity and retention.
Neighborhood schools average 4.5 out of 5 (94th percentile nationally), which often correlates with stable family demand and longer tenancy cycles. The area’s median household income ranks in the 93rd national percentile, while the rent-to-income ratio trends at a relatively moderate level locally, indicating manageable affordability pressure that can aid renewal outcomes.
The neighborhood’s occupancy is strong at the local level (around the 71st percentile nationally), and the renter-occupied share at the neighborhood scale indicates a meaningful tenant base for multifamily operators. Within a 3-mile radius, households have inched higher over the past five years with smaller average household sizes, and forecasts point to further household growth alongside rising incomes—signals that typically expand the renter pool and support occupancy stability. Median home values in the neighborhood sit near the 98th national percentile, suggesting a high-cost ownership market that tends to sustain reliance on rental housing, benefiting lease retention and pricing power.
Vintage is an important operational consideration: the average neighborhood construction year skews to the early 1990s, while this asset was built in 1972. Older vintage generally implies capital planning needs but also creates value‑add potential through unit and system upgrades to remain competitive against newer stock.
Safety indicators are mixed when viewed in context. The neighborhood sits roughly mid‑pack within the Los Angeles–Long Beach–Glendale metro (803 of 1,441) and around average nationally (near the 51st percentile for overall crime). Property and violent offense rates benchmark below the national median (around the low‑20s to mid‑20s percentiles), but both categories show notable year‑over‑year improvement, with declines that outperform many U.S. neighborhoods.
For investors, the key takeaway is trend direction: recent reductions in estimated offense rates suggest improving conditions, though ongoing monitoring and standard security best practices remain prudent for asset management.
Proximity to major corporate offices underpins workforce housing demand and supports retention through commute convenience. Notable nearby employers include Mattel, Southwest Airlines, Microsoft, Symantec, and Air Products & Chemicals.
- Mattel — corporate offices (3.6 miles) — HQ
- Southwest Airlines Counter — corporate offices (5.5 miles)
- Microsoft Offices The Reserves — corporate offices (7.8 miles)
- Symantec — corporate offices (8.1 miles)
- Air Products & Chemicals — corporate offices (9.0 miles)
2210 Vanderbilt Ln offers a coastal Southern California location with top‑tier neighborhood standing and strong amenity depth that supports tenant retention and steady leasing. Neighborhood occupancy trends are healthy, households within a 3‑mile radius are projected to grow while household sizes edge smaller, and the high‑cost ownership landscape (near the top of national home value percentiles) generally sustains demand for multifamily rentals. Built in 1972, the asset skews older than the local average, pointing to a clear value‑add path through renovations and system upgrades to stay competitive versus 1990s‑era stock.
According to CRE market data from WDSuite, the area’s income profile is strong and rent-to-income dynamics indicate manageable affordability pressure locally—conditions that can support renewal capture and occupancy stability. Safety metrics are mixed but improving, and proximity to major employers in the South Bay and Westside employment corridors helps anchor demand across economic cycles.
- Top‑tier coastal neighborhood with strong amenities and school quality supporting retention
- Healthy neighborhood occupancy and growing 3‑mile household counts bolster demand stability
- High ownership costs reinforce reliance on rentals, aiding pricing power
- 1972 vintage enables value‑add through interior and system upgrades
- Risk: safety indicators are around average overall; continued monitoring and property-level measures are advisable