$7,950,000
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1505 Catalina Redondo Beach, CA 90277
Apartment
Residence
Beds
Baths
...
Bed/Bath
7,584
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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-ba...th 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.
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MLS#
SB25228698
Property Type
Apartment
Year Built
1951
Square Feet
7,584
sq. ft
Lot Size
0.34
Stories
2.0
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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