1505 S Catalina Ave

Redondo Beach CA 90277

15028 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

3 bedrooms

15028 sq. ft. lot size

Multi-Family

Property history for 1505 S Catalina Ave

2007

Sold

$1,353,146

19 Sep 2007

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Local market activity for 3 bedroom multi families in Redondo Beach

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Joseph Nuzzolo

at Greg Fabian, Broker

View listing

Sales:: (619) 566-0008

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