$7,195,000
-$755,0001505 S Catalina, Redondo Beach CA 90277
Multi-Family (11 Units)
Property type
248 days
On market
$949
Price per sqft
10 cars
Garage
1951
Year built
15,028 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Joseph Nuzzolo DRE #01853418 310-533-1333, Thompson Team Real Estate, Inc.
Listing updated: May 26, 2026 at 06:20pm.
Last checked: Jun 5, 2026 at 02:30am
Source: CRMLS #SB25228698
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 5 | 2 | 0 | — | $13,500 | $13,500 | $16,500 | Unfurnished |
| 5 | 1 | 0 | — | $12,325 | $12,325 | $13,200 | Unfurnished |
| 1 | 0 | 0 | — | $0 | $0 | $1,350 | Unfurnished |
# of Buildings: 4
# of Units Total: 11
Separate Electric Meters: 11
Separate Gas Meters: 11
Separate Water Meters: 11
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
23.2x
List Price / Annual Gross Rent
Cap Rate
2.27%
NOI / List Price
Gross Scheduled Income: $309,900
Operating Expense: $46,613
Net Operating Income: $163,287
Annual Operating Expenses
Insurance: $4,250
Professional Management: $0
Trash: $0
Interior
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Garage Faces Rear
Garage Spaces: 10
Parking Total: 10
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7511008004
Additional Parcels: Yes
Tax Lot: 3
Tax Block: 15
Community
Senior Community: No
Community Features: Curbs
Nearby Schools
Nearby schools around the 1505 S Catalina, Redondo Beach, CA 90277. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$5,756,000
Total Interest
$7,341,461
Total Payment
$13,097,461
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$44,027
per month
Property History for 1505 S Catalina
Redondo Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90277.
Similar Homes
Listings with similar prices to 1505 S Catalina