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.

Property details

Year built

1951

Property type

Residential Income

Lot size

15,028 sqft

Location

1505 S Catalina • Redondo Beach, CA 90277

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Listed by

Joseph Nuzzolo · Thompson Team Real Estate, Inc.

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700 Esplanade 32: Sold $1,290,000 · 2 bd · 2 ba · 1,624 sqft · Aug 2026 · 0.1 mi
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625 Esplanade 4: Sold $1,250,000 · 1 bd · 1 ba · 759 sqft · Sep 2026 · 0.1 mi
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625 Esplanade 53: Sold $1,377,000 · 2 bd · 2 ba · 1,666 sqft · Sep 2026 · 0.1 mi
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625 Esplanade 13: Sold $985,000 · 1 bd · 1 ba · 759 sqft · Sep 2026 · 0.1 mi
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615 Esplanade 504: Sold $863,000 · 1 bd · 1 ba · 719 sqft · Aug 2026 · 0.2 mi
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615 Esplanade 805: Sold $1,450,000 · 2 bd · 2 ba · 1,213 sqft · Aug 2026 · 0.2 mi
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Closed sales reported in 90277, nearest first, last 12 months. All recent sales in Redondo Beach →

Residential Income - 1505 S Catalina, Redondo Beach, CA