518 S Catalina Avenue | Los Angeles | State of California | Prices, Plans, Availability

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518 S Catalina Avenue

USD 3,950,000

Property ID: 25539701

518 S Catalina Avenue ,90277

11309 SqFt

Built in 1924

USD 349/SqFt

8 Beds

8 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

4248

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1924

Detailed Introduction Of This Home

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.

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