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.
Sold for $3,619,800 on 07/31/25
$3,619,800
518 S Catalina Ave, Redondo Beach, CA 90277
8beds
8baths
4,248sqft
Multi Family
Built in 1924
-- sqft lot
$3,617,300 Zestimate®
$852/sqft
$1,907 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 08:01am
Listed by:
Gianluca Jacoli DRE # 01938297 510-708-2662,
Shield CRE, Inc. 310-593-9869
Bought with:
Brendan Mahoney, DRE # 02024055
First Team Real Estate
Source: CLAW,MLS#: 25539701

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Other
Cooling
- Other
Interior area
- Total structure area: 4,248
- Total interior livable area: 4,248 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Features
- Levels: One,Two
- Stories: 1
Lot
- Size: 0.26 Acres
Details
- Additional structures: Other
- Parcel number: 7508010021
- Zoning: RBR-3A
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1924
Community & neighborhood
Location
- Region: Redondo Beach
HOA & financial
Other financial information
- Total actual rent: 239460
Services availability
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Estimated market value
$3,617,300