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Listing 17 out of 162
$2,888,000 For Sale

1509 S Catalina Avenue
Redondo Beach, CA 90277

5 units | Multi Family Home
7405 sq ft - MLS# 18353016
Property Photo
1/5

Description

We are pleased to present 1509 S Catalina Avenue, a five-unit apartment building in Redondo Beach, CA. This non-rent-controlled property is composed of two detached one-bedroom/ one-bathroom homes and a three-unit structure to the rear of the property composed of two, one-bedroom/ one-bathrooms and one studio/ one-bathroom connected by a beautiful courtyard. Just steps from the beach, this property is also in the vicinity of many trendy boutiques, restaurants, and night-life options. As such, this asset is a dream attraction for tenants seeking the ultimate beach-city lifestyle. Built in 1948 and tastefully renovated by current ownership, each unit has been revamped with hardwood floors and granite counter tops, private washers and dryers, and covered parking spaces. Held by the same family for generations, this is the first time this jewel has been on the market in decades.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90277
  • Year Built: 1948
  • Units: 5 units
  • Lot Size: 7405 sq ft
  • Zoning: RBR-3A
  • Area: 157 - S Redondo Bch W of PCH
  • Building Area Total: 3042.00
  • Directions: 1509 S Catalina Ave Redondo Beach, CA
  • Gross Multiplier: 25.74
  • Gross Operating Income: 112200.00
  • Improvements Amount: 102644
  • Land Value: 133065
  • Listing Agent License: 01918715
  • Listing Office License: 00530854
  • Lot Size Units: Square Feet
  • MLS: CL
  • Net Operating Income: 62510.00
  • Number Of Buildings: 2
  • Stories Total: 2
  • Total Expenses: 46324.00
Courtesy of Marcus & Millichap, Joshua Ross


Susan Whiteside | 310-293-6360 | Contact Me
403 Torrance Blvd - Redondo Beach, CA 90277
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