CA > Redondo Beach
Redondo Beach, CA 90277,1505 S Catalina
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Redondo Beach, CA 90277,1505 S Catalina
Redondo Beach, CA 90277,1505 S Catalina
Redondo Beach, CA 90277,1505 S Catalina
Redondo Beach, CA 90277,1505 S Catalina
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 7,950,000
Est. payment /mo
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Active

1505 S Catalina Redondo Beach, CA 90277

3 Beds

0.34 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25228698

Bedrooms 3

Lot Size 0.345 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

This exceptional 11-unit apartment building is being offered for the first time in over 30 years and is located just one minute from the ocean in one of Southern Californias most prestigious and highly sought-after beach communities. The property features a balanced unit mix of 5 two-bedroom/one-bath units, 5 one-bedroom/one-bath units, and 1 studio unit, with all units occupied except the studio, ensuring strong and stable tenancy. Investors will appreciate 10 attached garage spaces with alley access, individually metered utilities for each unit, and the absence of city rent control, providing both efficiency and flexibility in operations. With a pro forma cap rate of approximately 3% and an unbeatable location that ensures consistent long-term demand, this asset presents a once-in-a-lifetime opportunity to acquire a generational trophy property in one of Southern Californias best-performing coastal markets.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Drive South on Catalina from Avenue G

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7511008004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Joseph Nuzzolo Thompson Team Real Estate, Inc.
Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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1505 S Catalina

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