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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

    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.

    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#: 25539701MLS Logo

    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