Active
$16,000,000
26 Units
40 Beds
40 Baths
28,788 Area(sq.ft.)
Lot: 18,094 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 12 | 1 | 1 | No | $ 2,925 | $ 30,775 | $ 33,852 |
| Unit 2 | 14 | 2 | 2 | No | $ 3,950 | $ 46,035 | $ 50,638 |
| 26 | 40 | 40 | $ 90,400 | $ 1,013,790 | $ 1,115,156 |
| MLS #: | 25536287 |
| Days On Market: | 204 |
| Listing Date: | May 15, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 556 |
| Price per unit: | $ 615,385 |
| Year Built: | 1971 |
Property Details
Catalina Cove is a beautifully upgraded 26 unit apartment community located just two blocks from the beach in the heart of Redondo Beach. Perfectly positioned near the Redondo Pier and Riviera Village, this coastal gem offers residents the best of beachside living with easy access to dining, shopping, and endless entertainment.The property features modern improvements over the past 10 years including a new sewer line to the City's main, a brand-new roof, oversized 10 foot parking spaces, storage lockers and lush landscaping around the property. Catalina Cove also features a newly added fitness center, a remodeled laundry room with brand new machines. The building was recently painted with a fresh exterior finish in elegant light grey with crisp white trim, giving it a clean, contemporary coastal look with mid century modern eyebrows.Residents enjoy common area patios and access to a stunning rooftop deck with a gas grill and sweeping ocean views, perfect for relaxing or entertaining. Catalina Cove offers a rare opportunity to experience upscale coastal living just steps from the sand. Don't miss out on this one-of-a-kind Redondo Beach gem!Interested in this Listing?
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Income Details
| Rent Control: | False |
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 819,704 |
| Total Annual Expense: | $ 397,089 |
| Net Operating Income: | $ 422,614 |
| Gross Annual Income: | $ 819,704 |
| Gross Rent Multiplier: | 19.00 |
Structure
| Type of Units: | APARTMENTS |
| Buildings: | 1 |
| Levels: | Multi/Split, Three Or More |
| Security Features: | Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Gated, Resident Manager, Smoke Detector |
| Style: | Mid-Century |
| View Description: | City, Water |
| Water: | Storage Tank(s), On Site |
Land & Parking
| Zoning: | RBR-3A |
| Parking Garage: | Covered Parking, Community Garage, Controlled Entrance, Assigned |
| Total Parking: | 39 |
Interior
| Cooking Appliances: | Electric |
| AC/Cooling: | Ceiling Fan, Window Unit(s) |
| Equipment: | Washer, Dryer, Garbage Disposal, Microwave |
| Heating: | Electric |
| Kitchen Features: | Granite Counters |
| Laundry: | Community |
| Laundry Equipment: | Own |
| Patio Features: | Roof Top Deck |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
