Property Description
This eight-unit apartment building offers an exceptional investment opportunity in a prime South Redondo Beach location, just a short 800 feet from the Pacific Ocean. Situated on a large 11,309-SF lot, the property features three fully remodeled units and six garages. Investors will appreciate the potential for an Accessory Dwelling Unit (ADU) to further enhance income. Residents can enjoy a common area courtyard and the convenience of being just blocks from Veterans Parks, the Redondo Beach Pier, and King Harbor. With a pro-forma cap rate of 4.84% and the benefit of no local rent control (defaulting to AB 1482), this generational asset presents significant value-add potential in a highly sought-after coastal market.
Features
- Parking:
- 8.00
- New Construction YN:
- 0
- Parking:
- Garage - Single Door
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-C122805
- Stories:
- 1
- Association:
- 0
Address Map
- Street:
- Catalina
- Street Number:
- 518
- Street Suffix:
- Avenue
- Zip4:
- 4162
- Floor Number:
- 0
- Longitude:
- W119° 36' 44.5''
- Latitude:
- N33° 50' 2''
- Street Dir Prefix:
- S
MLS Addon
- Listing Courtesy of:
- Shield CRE, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 6
- Zoning:
- RBR-3A
- Lot Size Square Feet:
- 11,309 Sqft
- List Agent Last Name:
- Jacoli
- List Agent License Number:
- 01938297
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X82383
- List Agent First Name:
- Gianluca
- Directions:
- West of PCH, South of Ruby Street, North of Sapphire Street, East of Esplanade
- MLSAreaMajor:
- 157 - S Redondo Bch W of PCH
- Levels:
- One,Two
- Parcel Number:
- 7508010021
- List Agent License Number:
- 02081496
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
518 Catalina Avenue, Redondo Beach, California 90277
0.26 Sqft
$3,950,000
Listing ID #25539701
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- 25539701
- List Price :
- $3,950,000
- Year Built :
- 1924
- Lot Area :
- 0.26 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90277
- Close Price :
- $3,619,800
- Status :
- Closed
- Price Per Square Foot :
- $852
- Days on Market :
- 76
