CA > Redondo Beach
Redondo Beach, CA 90277,518 S Catalina Ave
Redondo Beach, CA 90277,518 S Catalina Ave
Redondo Beach, CA 90277,518 S Catalina Ave
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$3,950,000
Est. payment /mo
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8 Beds
8 Baths
4,248 SqFt
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518 S Catalina Ave Redondo Beach, CA 90277

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Candi Marshall

Candi Marshall

+1(702) 523-1759

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,248 sqft

Price per Sqft $929

MLS Listing ID 25539701

Bedrooms 8

Year Built 1924

Annual Tax Amount $49,375

Lot Size 0.260 Acres

Acres 0.2581

Property Sub-Type Multi-Family

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 S. Redondo Beach South Of Pch

Zoning RBR-3A

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Garage

Garage Spaces 6.0

Building

Story 1

Level or Stories One, Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Shield CRE, Inc.

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agent

Candi Marshall

Realtor & TV Host | RE.S.0072180

+1(702) 523-1759

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518 S Catalina Ave