Overview
- Apartment
- 10
- 1951
Description
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.
Address
Open on Google Maps- Address Catalina
- City Redondo Beach
- State/county Los Angeles
- Zip/Postal Code 90277
Details
Updated on December 27, 2025 at 8:06 pm- Property ID: HZSB25228698
- Price: $7,950,000
- Garages: 10
- Year Built: 1951
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Joseph Nuzzolo
- DRE #: 01853418
- Contact Mail: joe@2buy.com
- Brokered by: Thompson Team Real Estate, Inc.
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