NOT LISTED FOR SALE

917 S Catalina Ave Redondo Beach, CA 90277

6 Beds
6 Baths
3,253 Sq Ft
7,089 Sq Ft Lot

Last Sold August 14, 2024

Last sale price $2,565,000 $789 Per Sq Ft

101 Days on Market

Highlights

  • Property has ocean access
  • Fishing
  • No HOA
  • Alta Vista Elementary School Rated A+
  • No Units Above
  • Laundry Room

About This Home

As of August 2024

Presenting 917 S Catalina Ave, a 5-unit residential building in South Redondo, just 1/2 block to the beach. Original 1939 building with tons of charm. Row of 4 connected “bungalow style” 1-bed, 1-bath units. One 2-bed, 1-bath “owner’s unit” sits atop the shared laundry room and (5) partitioned 1-car garages, with alley access at the west end of the property.

Two of the 1-bedroom units have just been updated! They feature new LVP floors throughout, new plumbing fixtures, tile, countertops, light fixtures/ceiling fans, bathroom vanities, fresh paint, and more! These two units are currently vacant and offer a new owner the opportunity to decide for themselves how to best use them!

The whole property could be tastefully refreshed to maintain original retro elements, or completely renovated with a more modern design. Investors looking for increasing unit count should consult City of Redondo about converting garages to ADUs. Fantastic, highly sought-after South Redondo Beach location, just 1 lot from The Esplanade and the sun, surf, sand & The Strand, 1/2 mile north of Redondo’s Riviera Village boutique shops, offices, restaurants, and nightlife, and 1 mile south of the same amenities at The Redondo Beach Pier, King Harbor Marina, and Veteran's Park. Locals will love the 1-block distance from Phanny's and LBJ's on PCH!

Last Agent to Sell the Property

Alex Smith

eXp Realty of California Inc Brokerage Phone: 4242593830 License #01859768 Listed on: 04/03/2024

eXp Realty of California Inc

Last Buyer's Agent

Adel Salehpour

Berkshire Hathaway HomeServices California Properties License #01280525

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 7,089 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Brick Fence
  • Fence is in fair condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System

Parking

  • 5 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Fixer Upper
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,253 Sq Ft Home
  • 2-Story Property
  • Blinds

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Floor Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 10 / 3
  • Tax Tract Number 2546
  • Assessor Parcel Number 7509004007
  • $1,728 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Fuel Expense $600
  • Gardener Expense $2,400
  • Insurance Expense $1,965
  • Maintenance Expense $1,200
  • Professional Management Expense $7,492
  • Trash Expense $2,672
  • Water Sewer Expense $2,210
  • New Taxes Expense $36,875
  • Operating Expense $56,014
  • Gross Income $124,860
  • Net Operating Income $68,846

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 2.30
  • Price Per Unit: 590000
  • Professional Management Expense: 7492.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2210.00
  • Zoning: RBR-3A
  • Architectural Style: Bungalow
  • Property Condition: Fixer
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 7509004007
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 788.50
  • Window Features: Blinds

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Brick, Fair Condition
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Community, In Garage, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 2672.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Gutters, Park, Watersports, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 6500-9999, Rectangular Lot, Level, Sprinkler System
  • Lot Size Sq Ft: 7089.00
  • Lot Size Acres: 0.1627
  • Latitude Manual: 33.82690200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 780 Square Feet
  • Electric Expense: 600.00
  • Fuel Expense: 600.00
  • Gross Income: 124860.00
  • Gross Multiplier: 23.60
  • Gross Scheduled Income: 124860.00
  • Insurance Expense: 1965.00
  • Lot Size Area: 7089.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 68846.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 56014.00
  • Rent Control: No
  • Total Actual Rent: 124860.00
  • Total Expenses: 56014.00
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • New Taxes Expense: 36875.00
  • Tax Block: 3
  • Tax Census Tract: 6213.26
  • Tax Lot: 10
  • Tax Tract Number: 2546
  • TaxOtherAnnualAssessmentAmount: 1728.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2024 08/14/24 Sold $2,565,000 -13.1% $789 / Sq Ft
07/13/2024 07/13/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $2,950,000 +15.0% $907 / Sq Ft
04/27/2024 04/27/24 Off Market $2,565,000 -- --
04/27/2024 04/27/24 For Sale $2,500,000 -2.5% $769 / Sq Ft
04/13/2024 04/13/24 Off Market $2,565,000 -- --
04/13/2024 04/13/24 For Sale $2,500,000 -2.5% $769 / Sq Ft
04/12/2024 04/12/24 Off Market $2,565,000 -- --
04/03/2024 04/03/24 For Sale $2,500,000 -- $769 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24066377

California Regional Multiple Listing Service (CRMLS)