1505 S Catalina

Property Overview
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.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1951
- Lot size
- 15,028 sq ft
- Parking
- 10 spaces
- Garage
- 10 spaces
- Stories
- 2.0
- Days on market
- 88
- MLS status
- Active
Features & Amenities
Parking
- Garage Faces Rear
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Utilities
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
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