The Mosaic on Vanderbilt is two twin 9-unit apartment buildings with 9 private garages each on two adjacent lots sharing a driveway. Combined the subject property is a 10,614-square foot, eighteen-unit apartment community located at 2116 & 2118 Vanderbilt Lane in Redondo Beach. Built in 1960, the property sits on a large 15,013-square foot double lot and is two stories over private garage parking. The Mosaic on Vanderbilt is comprised of (2) studios, (12) one-bedroom with one-bathroom units, and (4) two-bedroom with one-bathroom units. Generally, the units are in original condition but have been well maintained and selectively updated over time. Parking consists of 36 spaces with 18 one-car garages with an additional tandem space in front of each garage. Building amenities include two laundry rooms (leased) for tenant convenience.
