518 S Catalina Avenue, Redondo Beach, CA 90277 (MLS # 25539701)

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PRICE $3,950,000 dsIDX morgage calculator
BEDS 8
BATHS 8
HOME SIZE 4,248 sqft
LOT SIZE 11,309 sqft

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.

DAYS ON MARKET 1 LAST UPDATED 5/16/2025
YEAR BUILT 1924 COMMUNITY S Redondo Bch W of PCH
GARAGE SPACES 6.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA S Redondo Bch W of PCH
GARAGE Garage, Yes
LOT 0.26 acre(s)
PARKING Garage
STORIES 1
ZONING RBR-3A
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TOTAL MONTHLY PAYMENT

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Listed with Shield CRE, Inc.

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