1505 S Catalina, Redondo Beach, CA — listing photo 1
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FOR SALE

1505 S Catalina

Redondo Beach, CA 90277
15,028 Lot Sq Ft
Built 1951
$7,195,000
Price ReducedWas $7,950,000 — $7,195,000 (-$755,000)

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.

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Home Details

Property type
Residential Income - Apartment
Year built
1951
Lot size
15,028 sq ft
Parking
10 spaces
Garage
10 spaces
Stories
2
Days on market
238
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
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Location & Neighborhood

1505 S Catalina

Redondo Beach, CA 90277

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Frequently Asked Questions About 1505 S Catalina

Property type: Residential Income

The current asking price is $7,195,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1505 S Catalina. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1951. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Redondo Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Redondo Beach property.
The MLS currently reports the property as Active. It has been listed for 238 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Joseph Nuzzolo
MLS ID: SBNUZZJOS

Available property

$7,195,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.