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$9,000,000
5 Days Online

628 S Catalina Avenue
Redondo Beach, CA 90277

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by John Katnik of BRC Advisors- BH

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Call Now: 310.977.9711
Is this the home for you? We can help make it yours.
310.977.9711
628 S Catalina Avenue628 S Catalina Avenue628 S Catalina Avenue628 S Catalina Avenue
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We are proud to present a 16-unit apartment opportunity in the highly desirable Redondo Beach! Offered for sale for the 1st time in almost 20 years, this property offers a unique opportunity to acquire a larger asset a block away from the beach! There is a ton of future potential with this property as it is in one of the best locations in all of the South Bay. Sitting on an oversized corner lot, the offering features a total of 16 apartment units. The unit mix is comprised of 12 one-bedroom/one-bathroom units and 4 two-bedroom one-bathroom units. The asset has been extremely well maintained and is the epitome of a pride of ownership property. With current rental rates below market value, there is significant potential for value add through strategic renovations and future rent increases. The property is currently operating at a 3.09% cap rate and a proforma caprate of 4.84%. Adding to the property's allure is the presence of 14 covered carport parking and 2 garage spaces, which could provide an additional revenue stream if converted into ADUs (Buyer to confirm). Tenants can also enjoy a beautiful swimming pool and on-site laundry, allowing a new owner to maximize future rents. The property is less than a mile from the popular Riviera Village, which features the best restaurants and retail in Redondo Beach. This investment presents a very attractive opportunity to own a sizable asset in the highly desirable city Redondo Beach.

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Listing Snapshot
Price 
$9,000,000
Days Online 
5 Days
Bedrooms 
20
Inside Area (SqFt) 
10,868 sqft
Total Baths 
16
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3278 Acres
Year Built 
1957
MLS® Number 
24397985
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
5 days agoListing first seen online
General Features
Construction 
StuccoVertical Siding
Parking 
Attached CarportDetached CarportGarage
Parking Spaces 
16
Number of Stories 
2
Acreage 
0.3278
Garage Spaces 
2
Attached Garage 
Yes
Zoning 
RBR-3A
Listing Conditions 
Standard
Direction Faces 
South
Interior Features
Cooling 
None
Laundry Features 
Common Area
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Exterior Features
Spa 
No
Pool Features 
CommunityLap
Spa Features 
None
Community Features
Community Features 
Pool
Senior Community 
No
MLS Area 
157 - S Redondo Bch W of PCH


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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