$3,619,800
$3,950,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
518 S Catalina Ave Redondo Beach, CA 90277
8 Beds
8 Baths
4,248 SqFt
Key Details
Sold Price $3,619,800
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,248 sqft
Price per Sqft $852
MLS Listing ID 25539701
Sold Date 07/31/25
Bedrooms 8
Year Built 1924
Annual Tax Amount $49,375
Lot Size 0.260 Acres
Acres 0.2581
Property Sub-Type Multi-Family
Property Description
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.
Location
State CA
County Los Angeles
Area S. Redondo Beach South Of Pch
Zoning RBR-3A
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Garage
Garage Spaces 6.0
Building
Story 1
Level or Stories One, Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with First Team Real Estate