This eight-unit apartment building offers an exceptional investment opportunity in a prime South Redondo Beach location, just a short 800 feet from the Pacific Ocean. Situated on a large 11,309-SF lot, the property features three fully remodeled units and six garages. Investors will appreciate the potential for an Accessory Dwelling Unit (ADU) to further enhance income. Residents can enjoy a common area courtyard and the convenience of being just blocks from Veterans Parks, the Redondo Beach Pier, and King Harbor. With a pro-forma cap rate of 4.84% and the benefit of no local rent control (defaulting to AB 1482), this generational asset presents significant value-add potential in a highly sought-after coastal market.
Sold for $3,619,800
$3,619,800
518 S Catalina Ave, Redondo Beach, CA 90277
8beds
8baths
4,248sqft
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$852/sqft
$3,996 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,996/mo
Zestimate® history
Owner options
List your home for rent
$3,996/mo
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$3,996/mo
Rent Zestimate®
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$22,893/mo
Est. payment
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$22,893/mo
Est. payment
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List your homeWhat's special
Common area courtyardFully remodeled units
Zillow last checked:
Listing updated:
Listed by:
Gianluca Jacoli DRE # 01938297 510-708-2662,
Shield CRE, Inc. 310-593-9869
Bought with:
Brendan Mahoney, DRE # 02024055
First Team Real Estate
Source: CLAW,MLS#: 25539701
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Other
Cooling
- Other
Interior area
- Total structure area: 4,248
- Total interior livable area: 4,248 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Features
- Levels: One,Two
- Stories: 1
Lot
- Size: 0.26 Acres
Details
- Additional structures: Other
- Parcel number: 7508010021
- Zoning: RBR-3A
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1924
Community & HOA
Location
- Region: Redondo Beach
Financial & listing details
- Price per square foot: $852/sqft
- Tax assessed value: $1,001,624
- Annual tax amount: $49,375
- Date on market: 5/16/2025
- Total actual rent: 239460
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | $3,619,800-8.4%$852/sqft |
Source:  CLAW #25539701 Report a problem | ||
| 5/16/2025 | Listed for sale | $3,950,000+4%$930/sqft |
Source: CLAW #25539701 Report a problem | ||
| 5/31/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/19/2023 | Listed for rent | $2,695$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2020 | Listing removed | $3,799,000$894/sqft |
Source: Strand Hill Christies International Real Estate #SB19276835 Report a problem | ||
| 12/11/2019 | Listed for sale | $3,799,000+517.7%$894/sqft |
Source: Strand Hill Christies International Real Estate #SB19276835 Report a problem | ||
| 4/4/1996 | Sold | $615,000$145/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $3,620,000 +254.3% |
| 2025 | $13,625 +4.6% | $1,021,796 +2% |
| 2024 | $13,026 +1.6% | $1,001,764 +2% |
| 2023 | $12,817 +1.2% | $982,126 +2% |
| 2022 | $12,668 +1.1% | $962,873 +2% |
| 2021 | $12,532 -0.1% | $943,997 +1% |
| 2020 | $12,544 | $934,320 +2% |
| 2019 | $12,544 +4.5% | $916,003 +2% |
| 2018 | $12,000 | $898,046 +2% |
| 2017 | $12,000 +1.7% | $880,301 +2% |
| 2016 | $11,795 +2.8% | $863,041 +1.5% |
| 2015 | $11,477 +2.4% | $850,079 +2% |
| 2014 | $11,207 | $833,428 +5% |
| 2009 | -- | $793,370 +4% |
| 2007 | -- | $762,565 +8.1% |
| 2003 | -- | $705,417 |
Find assessor info on the county website
Neighborhood: 90277
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Nearby schools
GreatSchools rating
- 8/10Alta Vista Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Parras (Nick G.) Middle SchoolGrades: 6-8Distance: 0.9 mi
- 10/10Redondo Union High SchoolGrades: 9-12Distance: 0.8 mi
- California
- Los Angeles County
- Redondo Beach
- 90277
- 518 S Catalina Ave
Nearby cities
Nearby zip codes
Other Redondo Beach Topics
