Listed by Scott Rosenberg, Kidder Mathews of California, Inc,

910 S Catalina Avenue

Redondo Beach, CA, 90277

$4,200,000

$665 per ft²
$4,200,000
$665 per ft²
Pending
Pending
 - For Sale
carpenters-square
6,311 ft²
property_type
Multi-family
calendar
Built 1963
The “Catalina View Townhomes” a meticulously maintained, value-added multifamily property, located on 910 S Catalina Ave., in South Redondo Beach CA, just steps from the Riviera Village; a trending South Bay community situated perfectly between Hermosa Beach and Palos Verdes. The Riviera Village is a charming coastal paradise that is home to pristine beaches, an incredible oceanside boardwalk, and a burgeoning small downtown full of bustling eateries and bars, plentiful public parking, clean air, and nearly perfect weather. The property has an ideal mix of four large (2 + 1.5) townhouse style units sharing a large south facing deck over the garages, a beautiful (3 + 2) owner’s unit with a private front yard, and a large penthouse suite with a giant private patio to enjoy the ocean view. The units are all in updated “rent ready” condition. However, premium renovations could move the potential rent beyond the projected pro-forma. The penthouse suite is technically tied to the owner’s unit, and if desired, using ADU guidelines, one can potentially formally separate the unit. Catalina View Townhomes features several additional spaces that have monetization opportunity via ADU potential, integration into specific units, or via community amenity upgrades. In addition to the 5 garages, each with a private storage area, there is a garage sized storage area with a sink, cabinet, and separate entry. On the eastern side of the garage, a second large laundry and storage room bookend the enclosed garages. This asset is virtually in “turn-key” condition and is professionally managed. However, given the current demand for coastal, ocean view rental units, significant rental upside exists and unlike most of the LA region, Redondo Beach has no local rent control restrictions. Whether it be for its value-added opportunity, ease of operational ownership, or its spectacular location and security from downside risk, the Catalina View Townhomes is a “must look” for both local and core LA investors looking to build an investment portfolio with multifamily assets in this price range.
MLS® ID:
SB22215682
Listed:
9/30/22
Updated:
12/1/22

Interior Features

Kitchen Appliances
Electric Cooktop, Electric Oven, Electric Range
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Floor Description
Laminate
Heating
Electric

Exterior/Building Features

Lot Size
7,467 ft² lot
Exterior Features
Storage
Architectural Style
Mediterranean, Modern
Lot Details
Corner Lot
Sewer
Sewer Tap Paid

Other Property Details

Area Name
157 - S Redondo Bch W of PCH
HOA Amenities
Suburban
Garage
Yes
Garage Spaces
5
Parking
Driveway, Garage
Parking Total
10.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
RBR-3A

Property History

Date
Event
Price
Value
11/28/22
Pending
-
-

Courtesy of Kidder Mathews of California, Inc, Scott Rosenberg,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/1/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 6:11 AM UTC, 12/1/22

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