$ 7,950,000
-
$7,950,000
Price -
3
Bed - Bath
-
7,584
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing sb1292020 - SBNUZZJOS
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.
Listing Highlights for 1505 S Catalina
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
SB25228698
Year Built
1951
Total Square Footage
7,584
Lot/Acreage
0.34
County
Los Angeles
Interior Details
- Bedrooms: 3
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 10 car
- Parking Spaces: 10
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage Faces Rear
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7511008004
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
1505 S Catalina Redondo Beach, CA 90277
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
