518 S Catalina Ave, Redondo Beach, CA 90277
Sale Price: $3,619,800
May 16, 20254,248 sqft8 beds8 baths
Listed by: Gianluca Jacoli
License #: 01938297
Phone #: 310-593-9861
Shield CRE, Inc.
Source:
MLS #: 25539701
Property Description
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.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$58,899
TurboHome Estimated Value
$3,938,300
$927 sqft
High Valuation
$4,135,215
$973/sqft
Normal Valuation
$3,938,300
$927/sqft
Low Valuation
$3,741,385
$881/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $927/sqft | $3,938,300 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood
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Comparative Value
$2.50M
$3.62M
$3.95M
102 N Broadway, Redondo Beach, CA 90277
Sale Price: $2,500,000
Selected Comparable
518 S Catalina Ave, Redondo Beach, CA 90277
Sale Price: $3,619,800
Selected Comparable
518 S Catalina Ave, Redondo Beach, CA 90277
List Price: $3,950,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT518 S Catalina Ave, Redondo Beach, CA 90277
List: $3,950,000
Listed: 5/16/2025
Area:4,248 sqft
Price/sqft:$930
Beds:8
Baths:8
Year Built:—
Lot Size:11,309
Comparable Properties
COMPARABLEChoose comps
518 S Catalina Ave, Redondo Beach, CA 90277
Sale: $3,619,800
7/31/2025 • 0.00 mi
Area:4,248 sqft
Price/sqft:$852
Beds:8
Baths:8
Year Built:—
Weight:58.8%
102 N Broadway, Redondo Beach, CA 90277
Sale: $2,500,000
9/24/2024 • 0.58 mi
Area:4,440 sqft
Price/sqft:$563
Beds:8
Baths:9
Year Built:—
Weight:41.2%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 518 S Catalina Ave, Redondo Beach, CA 90277 | $3,950,000 | 4,248 | $930 | 11,309 | — | 5/16/2025 | 8 | 8 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 518 S Catalina Ave, Redondo Beach, CA 90277 | $3,619,800 | 4,248 | $852 | 11,309 | 0.00 mi | 7/31/2025 | 8 | 8 | — | 58.8% | |
| 102 N Broadway, Redondo Beach, CA 90277 | $2,500,000 | 4,440 | $563 | 10,562 | 0.58 mi | 9/24/2024 | 8 | 9 | — | 41.2% |
Nearby Listings
1 similar properties within 5 miles
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