1505 S Catalina,Redondo Beach, CA 90277
Redondo Beach, CA 90277
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 California's 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 California's best-performing coastal markets.
Details
| MLS # | SB25228698 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 335 |
| Listing Provided By | Thompson Team Real Estate, Inc. | Joseph Nuzzolo |
Features
| SQ Feet | 7,584 |
|---|---|
| Garage | 10 |
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 4 |
| Acreage | 0.35 |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Parking Features | Garage Faces Rear |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Redondo Beach |
| Zip Code | 90277 |
| Area | 157 S Redondo Bch W of PCH |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Redondo Beach |
| Zip Code | 90277 |
| Area | 157 S Redondo Bch W of PCH |