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Multifamily

216-220 N Catalina Ave

216-220 N Catalina Ave, Redondo Beach, CA 90277

Listing Price: $5,995,000

Cap Rate
6.21%
Number of Units
11
GRM
11.71
Occupancy
100.0%
Price/Unit
$545,000
Price/Gross SF
$796.78
Gross SF
7,524

Investment Overview

The Weir Group is 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 Walk Score with premium proximity for tenants . Calling all investors, developers, visionaries – this property wont last long.

Investment Highlights

  • Delivered Fully Vacant + Vacant Lot
  • Walker's Paradise – 93 Walk Score
  • Trophy Coastal Asset
  • Multiple Value-Add Strategies

Exclusively Listed By

Financing By

Multifamily

216-220 N Catalina Ave

Listing Price: $5,995,000

Cap Rate
6.21%
Number of Units
11
GRM
11.71
Occupancy
100.0%
Price/Unit
$545,000
Price/Gross SF
$796.78
Gross SF
7,524

Investment Highlights

  • Delivered Fully Vacant + Vacant Lot
  • Walker's Paradise – 93 Walk Score
  • Trophy Coastal Asset
  • Multiple Value-Add Strategies

Investment Overview

The Weir Group is 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 Walk Score with premium proximity for tenants . Calling all investors, developers, visionaries – this property wont last long.

Exclusively Listed By

Financing By

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