1505 S Catalina, Redondo Beach, CA 90277
Local realty services provided by:ERA North Orange County Real Estate
1505 S Catalina,Redondo Beach, CA 90277
$7,950,000
- 3 Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: joseph nuzzolo
Office: thompson team real estate, inc.
MLS#:SB25228698
Source:San Diego MLS via CRMLS
Price summary
- Price:$7,950,000
About this home
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 Californias 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 Californias best-performing coastal markets.
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Home facts
- Listing ID #:SB25228698
- Added:138 day(s) ago
- Updated:February 16, 2026 at 03:02 PM
Rooms and interior
- Bedrooms:3
Finances and disclosures
- Price:$7,950,000
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