$3,619,800
$3,950,000 8.4%
Est. payment /mo
8 Beds
8 Baths
4,248 SqFt
Sold on 07/31/2025
518 S Catalina AVE Redondo Beach, CA 90277
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
UPDATED:
Key Details
Sold Price $3,619,800
Property Type Single Family Home
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
HOA Y/N No
Year Built 1924
Lot Size 0.260 Acres
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 157 - S Redondo Bch W Of Pch
Zoning RBR-3A
Interior
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 6
Building
Story 1
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 7508010021
Special Listing Condition Standard
Listed by Gianluca Jacoli Shield CRE, Inc.
Bought with Brendan Mahoney First Team Real Estate
Bought with Brendan Mahoney First Team Real Estate
GET MORE INFORMATION