518 S Catalina Avenue, Redondo Beach, CA 90277

About this property

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.

Listing description from the July 2025 sale, as reported to CRMLS.

Sale history

$3,619,800

Sold July 2025 · listed $3,950,000, on market May 2025 · MLS #25539701 · Source: CRMLS

Listing Agent: Gianluca Jacoli · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Brendan Mahoney · First Team Real Estate

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