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1505 S Catalina
For Sale $7,950,000
$7,950,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 15,028 Sq Ft
Description
This exceptional 11-unit apartment building is being offered for the first time in over 30 years and is located just one minute from the ocean in one of Southern California’s most prestigious and highly sought-after beach communities. The property features a balanced unit mix of 5 two-bedroom/one-bath units, 5 one-bedroom/one-bath units, and 1 studio unit, with all units occupied except the studio, ensuring strong and stable tenancy. Investors will appreciate 10 attached garage spaces with alley access, individually metered utilities for each unit, and the absence of city rent control, providing both efficiency and flexibility in operations. With a pro forma cap rate of approximately 3% and an unbeatable location that ensures consistent long-term demand, this asset presents a once-in-a-lifetime opportunity to acquire a generational trophy property in one of Southern California’s best-performing coastal markets.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $7,950,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 10 spots |
| Year Built | 1951 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7511008004 |
| MLS # | SB25228698 |
| Property ID | 322219134 |
| Lot Sqft | 15,028 |
| Zoning | Unknown |
| Total Units | 11 |
| Days on Market | 88 |
| Original List Price | $7,950,000 |
| Date Updated | December 27, 2025 |
| Date Created | September 30, 2025 |
Listing Provided By
Joseph Nuzzolo an agent of . Lic #01853418
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 27, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT