CA > Redondo Beach
Redondo Beach, CA 90277,1505 S Catalina
Redondo Beach, CA 90277,1505 S Catalina
Redondo Beach, CA 90277,1505 S Catalina
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$7,950,000
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0.34 Acres Lot
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1505 S Catalina Redondo Beach, CA 90277

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25228698

HOA Y/N No

Year Built 1951

Lot Size 0.345 Acres

Property Sub-Type Apartment

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.

Location

State CA

County Los Angeles

Area 157 - S Redondo Bch W Of Pch

Interior

Fireplace No

Laundry See Remarks

Exterior

Parking Features Garage Faces Rear

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Curbs

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7511008004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS – RECore
Listed by Joseph Nuzzolo Thompson Team Real Estate, Inc. 310-922-2229

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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