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216 N Catalina Avenue, Redondo Beach, CA 90277

Property

216 N Catalina Avenue, Redondo Beach, CA 90277 Sold May 2024 CRMLS
$5,010,000Sold May 2024

Listing Agent: Jonathan Weir (DRE #02038545) · Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Noam Srolovitz · Kape Property Management, Inc. · MLS #24348749 · Source: CRMLS

16
Bedrooms
11
Bathrooms
7,524
Sq Ft
18,013 sqft
Lot Size
1913
Year Built
Property
Type
2
Stories
None
Cooling
WallFurnace
Heating

About this property

We are pleased to present three contiguous lots: 216, 218, & 220 N Catalina Ave in Redondo Beach. The property is fully vacant and is comprised of 11 units . 4 two bedroom units, 6 one bedroom units, and a studio. The property also has a 6,007 sqft lot that is currently vacant and zoned R-3A, which allows for one dwelling unit for each 2,490 sqft of lot area. (Two townhomes can be built OR possibly ADUs) Buyer to verify.** An investor has the ability to purchase a coastal property as a blank canvas, renovate the entire property and lease out for cash flow. Additionally, an investor can build-to-sell with the vacant lot OR purchase, build and hold. The property is located in close proximity to the ocean and boasts a 93 WalkScore with premium proximity for tenants . Calling all investors, developers, visionaries this property wont last long.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$5,010,000
Sold May 2024 · listed $5,995,000, on market January 2024 · MLS #24348749 · Source: CRMLS
Listing Agent: Jonathan Weir · Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Noam Srolovitz · Kape Property Management, Inc.
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