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.
- Pool:
- No
- Parking:
- 10.00
- New Construction YN:
- 0
- Laundry:
- See Remarks
- Parking:
- Garage Faces Rear
- Sewer:
- Public Sewer
- Common Walls:
- 2+ Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- SBNUZZJOS
- Water Source:
- Public
- Lot Features:
- 0-1 Unit/acre
- Community Features:
- Curbs
- Stories:
- 2
- Entry Level:
- 1
- Entry Location:
- Yes
- Street:
- Catalina
- Street Number:
- 1505
- Floor Number:
- 0
- Longitude:
- W119° 36' 45.2''
- Latitude:
- N33° 49' 56.3''
- Street Dir Prefix:
- S
- Listing Courtesy of:
- Thompson Team Real Estate, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 10
- Lot Size Square Feet:
- 15,028 Sqft
- List Agent Last Name:
- Nuzzolo
- List Agent License Number:
- 01853418
- Special Listing Conditions:
- Standard
- List Office ID:
- sb1292020
- List Agent First Name:
- Joseph
- Directions:
- Drive South on Catalina from Avenue G
- MLSAreaMajor:
- 157 - S Redondo Bch W of PCH
- Levels:
- Two
- Parcel Number:
- 7511008004
- List Agent License Number:
- 02069081
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
1505 Catalina, Redondo Beach, California 90277
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- SB25228698
- List Price :
- $7,195,000
- Year Built :
- 1951
- Lot Area :
- 0.35 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90277
- Status :
- Active
- Property Type :
- Apartment
- Price Per Square Foot :
- $949
- Days on Market :
- 247
