216 N Catalina Ave Redondo Beach, CA 90277

Sale

$5,995,000

11 Units

16 Beds

11 Baths

7,524 Area(sq.ft.)

18,013 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	3	1	No	$ 3,250	$ 3,250	$ 3,250
Unit 2	3	2	1	No	$ 3,083	$ 3,083	$ 3,083
Unit 3	6	1	1	No	$ 2,475	$ 2,475	$ 2,475
Unit 4	1	studio	1	No	$ 2,300	$ 2,300	$ 2,300
4	11	15	11		$ 29,649	$ 29,649	$ 29,649

MLS #:	24-348749
Days On Market:	52
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 797
Price per unit:	$ 545,000
Year Built:	1913

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

We are pleased to present three contiguous lots: 216, 218, & 220 N Catalina Ave in Redondo Beach. The property is fully vacant and is comprised of 11 units . 4 two bedroom units, 6 one bedroom units, and a studio. The property also has a 6,007 sqft lot that is currently vacant and zoned R-3A, which allows for one dwelling unit for each 2,490 sqft of lot area. (Two townhomes can be built OR possibly ADUs) Buyer to verify.** An investor has the ability to purchase a coastal property as a blank canvas, renovate the entire property and lease out for cash flow. Additionally, an investor can build-to-sell with the vacant lot OR purchase, build and hold. The property is located in close proximity to the ocean and boasts a 93 WalkScore with premium proximity for tenants . Calling all investors, developers, visionaries this property wont last long.