518 S Catalina Avenue Active Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90277
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,248 sqft
Price per Sqft $929
MLS Listing ID CL25539701
Year Built 1924
Lot Size 0.260 Acres
Property Sub-Type Other
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
Zoning RBR-
Building
New Construction No