Imagine owning a piece of paradise just steps from the sand! This isn't just an eight-unit apartment building; it's a gateway to the coveted South Redondo Beach lifestyle, a mere 800 feet from the sparkling Pacific Ocean. Situated on an expansive 11,309-SF lot, 518 S. Catalina Avenue offers a rare blend of coastal proximity and future potential. Picture this: three fully remodeled units already attracting premium tenants, and six garages providing coveted parking in this beach-close locale. But that's just the beginning! Unlock even greater value by exploring the exciting Accessory Dwelling Unit (ADU) opportunity, adding significant income potential. Residents will relish the common area courtyard, creating a sense of community, and the effortless stroll to Veterans Parks, the iconic Redondo Beach Pier, and the vibrant King Harbor. With a promising pro-forma cap rate of 4.84% and the advantageous absence of local rent control (relying on AB 1482), this is more than an investment; it's your chance to secure a generational asset in a blue-chip coastal market, poised for significant value appreciation. Don't just invest – immerse yourself in the South Redondo dream! Please do not walk on property or disturb tenants.