1505 S Catalina, Redondo Beach, CA 90277
1505 S Catalina, Redondo Beach, CA 90277
1505 S Catalina, Redondo Beach, CA 90277
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$7,195,000
Est. payment /mo
0.34 Acres Lot
Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25228698

HOA Y/N No

Year Built 1951

Lot Size 0.345 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area 157 - S Redondo Bch W Of Pch

Interior

Fireplace No

Laundry See Remarks

Exterior

Parking Features Garage Faces Rear

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Curbs

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7511008004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Read Less Info
CRMLS Full IDX Feed (MAIN Website Search)
Listed by Joseph Nuzzolo Thompson Team Real Estate, Inc. 310-922-2229, DRE #01853418

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Shawn Kormondy, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to receive customer-service text messages from Shawn S. Kormondy regarding my inquiry, including a response after a missed call. Message frequency varies. Message and data rates may apply. Reply STOP to opt out or HELP for assistance. Consent is not a condition of purchasing any property, product, or service. See the Privacy Policy and Terms and Conditions.