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11 Unit Multi Family Property For Sale 2 Multifamily Properties Offered at $7,950,000 in Redondo Beach, CA
Investment Highlights
- 11 Unit Apartment Building
- Great Unit Mix
- First time on the market in over 30 years
- Unmatched location w/a 1 minute walk to the ocean
- 3% Proforma Cap Rate
- Attached Garage Parking
Executive Summary
Thompson Team Real Estate is proud to exclusively offer this exceptional 11-unit apartment building, presented for the first time in over 30 years and located just one minute from the ocean in one of Southern California’s most prestigious and highly sought-after beach communities. This rare coastal investment 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. The property offers significant value-add benefits including 10 attached garage spaces with alley access, individually metered utilities for each unit, and no city rent control, giving investors flexibility and operational efficiency. With a pro forma cap rate of approximately 3% and an unparalleled location that guarantees consistent demand, this asset represents a once-in-a-lifetime opportunity to acquire a generational trophy property in one of the best-performing coastal markets in Southern California.
Taxes & Operating Expenses (Pro Forma - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $7,950,000 | Number of Properties | 2 |
| Price / SF | $767.75 / SF | Individually For Sale | 0 |
| Cap Rate | 2.05% | Total Building Size | 10,355 SF |
| Sale Type | Investment | Total Land Area | 0.34 AC |
| Status | Active |
| Price | $7,950,000 |
| Price / SF | $767.75 / SF |
| Cap Rate | 2.05% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,355 SF |
| Total Land Area | 0.34 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1507 S Catalina Ave, Redondo Beach, CA 90277 | Multifamily | 6,776 SF | 1948 | - |
| 1505 S Catalina Ave, Redondo Beach, CA 90277 | Multifamily | 3,579 SF | 1951 | - |
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11 Unit Multi Family Property For Sale
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