518 S Catalina Avenue
Redondo Beach, CA 90277 • 8 Bed • 8 Bath • 4,248 sq.ft.

Property summary

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.

Days on market: 8

Listing updated: May 24, 2025 - 12:46:05

Property details

Property ID
25539701
Size
4248 sq.ft.
Home Type
Residential Income
Year Built
1924
Property Size
0.2596 acre
Garage
6
Levels
1
Spa
No
Patio
No
Basement
No
View
No
Pool
No

Listed by: Gianluca Jacoli DRE #01938297 310-593-9869, Shield CRE, Inc. - CLAW

Source: CLAW, MLS#: CLW-X82383 Originating MLS: CRMLS

Interior information

Rooms
Bathrooms
8
Kitchen
N/A
Cooling
N/A
Heating
N/A
Flooring
N/A
Laundry
N/A
$3,950,000
Property price
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Revesty savings: $247K
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Working hours: Monday to Friday 9:00am - 6:00pm (PST)

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-31 21:02:38 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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