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1505 Catalina, Redondo Beach, CA 90277
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1505 Catalina
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  • MLS#: SB25228698 ( Apartment )
  • Street Address: 1505 Catalina
  • Viewed: 5
  • Price: $7,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1951
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: LOS ANGELES
  • City: Redondo Beach
  • Zipcode: 90277
  • Provided by: Thompson Team Real Estate, Inc.
  • Contact: Joseph Joseph
  • California Regional MLS IDX
  • DMCA Notice
  • 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 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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Features
Additional Parcels Description
  1. 7511-008-005
Building Area Total
  1. 7584.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Garage Spaces
  1. 10.00
Insurance Expense
  1. 4250.00
Laundry Features
  1. See Remarks
Levels
  1. Two
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 163287.00
Number Of Separate Electric Meters
  1. 11
Number Of Separate Gas Meters
  1. 11
Number Of Separate Water Meters
  1. 11
Parcel Number
  1. 7511008004
Parking Features
  1. Garage Faces Rear
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448213878:CRM
Taxblock
  1. 15
Totalexpenses
  1. 46613.00
Trash Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1951
Year Built Source
  1. Public Records