1505 S Catalina Ave, Redondo Beach, CA 90277 (MLS # SB25228698)

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PRICE $7,950,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 7,584 sqft
LOT SIZE 15,029 sqft
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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.

DAYS ON MARKET 26 LAST UPDATED 9/30/2025
YEAR BUILT 1951 COMMUNITY 157 - S Redondo Bch W of PCH
GARAGE SPACES 10.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA 157 - S Redondo Bch W of PCH
GARAGE Yes
LOT 0.345 acre(s)
PARKING Garage Faces Rear
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Thompson Team Real Estate, Inc.

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