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Bruce Kang, Broker
1505 S Catalina, Redondo Beach, CA 90277
- $7,195,000
- List Price
- $7,195,000
- Status
- ACTIVE
- Days on Market
- 375
- Price Change
- ▼ $755,000 1773373029
- MLS#
- SB25228698
- Subtype
- Residential Income
- Year Built
- 1951
- Lot Size
- 15,028
- Acres
- 0.35
- MLS Area Major
- S Redondo Bch W of PCH (157)
Property 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.
Additional Information
- Stories
- Two Levels
- Levels
- Two
- Pool Type
- None
- Parking Features
- Garage Faces Rear
- Garage Spaces
- 10
Listing courtesy of Listing Agent: Joseph Nuzzolo (joe@2buy.com) from Listing Office: Thompson Team Real Estate, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.