Apartment for sale in Southern California — $7,195,000. 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 b…
$7,195,000
1505 S Catalina, Redondo Beach, CA 90277
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.
Listing updated: May 26, 2026 at 11:20 AM
Listed by: Joseph Nuzzolo, Thompson Team Real Estate, Inc.
Source: CRMLS, MLS#: SB25228698, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
3/12/2026 Source: CRMLS, #SB25228698 | Price change | $7,195,000-9.5% |
| 9/30/2025Source: CRMLS, #SB25228698 | Listed for sale | $7,950,000 |
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