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518 S Catalina Ave
Redondo Beach, CA 90277
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Premier South Redondo Beach Location: Situated just 800 feet from the Ocean. Few blocks from Veterans Park, Redondo Beach Pier, and King Harbor.
- Recently Renovated Units: Three (3) units have been fully remodeled. Future Income Growth: Pro-forma cap rate of 4.84%.
- Accessory Dwelling Unit Potential: Presents an opportunity to build an Additional Dwelling Unit (ADU).
- Spacious Lot: Features a large 11,309-square-foot lot. Consistent Unit Type: Features a unit mix of eight (8) 1-bedroom/1-bathroom units.
- Ample Parking: Includes six (6) garages. Long-Term Investment: Considered a generational asset with strong value-add potential.
- Attractive Common Area: Offers a common area courtyard. Favorable Rent Control Environment: No local rent control, defaults to AB 1482.
Property Facts
| No. Units | 8 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 4,248 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1924 |
| Zoning | RBR-3A - Low density multi family residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,248 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1924 |
| Zoning | RBR-3A - Low density multi family residential |
Amenities
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,494 | - |
Property Taxes
| Parcel Number | 7508-010-021 | Improvements Assessment | $274,091 |
| Land Assessment | $747,565 | Total Assessment | $1,021,656 |
Property Taxes
Parcel Number
7508-010-021
Land Assessment
$747,565
Improvements Assessment
$274,091
Total Assessment
$1,021,656
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