Redondo Beach, CA 90277 325 Calle Miramar
$3,497,500
Pending
5 more
Presented By: Michael Millea with Lyon Stahl Investment Real Estate, Inc.; 310-233-2800
Beds • 10
Baths • 2
SQFT • 5,853
Garage • 6
Year Built • 1954
Home Details
$1.5 MILLION IN PRICE REDUCTIONS. We are pleased to present for sale, 325 Calle Miramar, located just 2 blocks away from Torrance Beach & Miramar Park - in the hot Hollywood Riviera Market. Under $600/sq. ft. 14.95 GRM and 4.19 CAP Rate at Market Rents.
First time on the market in over 50 years, this value-add property is a pride of ownership for Long-Term Owner. Rare Opportunity to Purchase a 6-Unit Building 2 Blocks from the Ocean. Can be bought together with the matching next door 6 - unit building at 321 Calle Miramar. An Investment Opportunity for the Discerning Buyer. Rare 6-Unit Building with an Unbeatable Location and over 60% in Rental Upside. 5,853 Sq. Ft. Building on a 8,440 Sq. Ft. Lot Zoned TORR-MD While the physical address of the property is in Redondo Beach, it is technically in City of Torrance. Calle Miramar sits on the border between Redondo Beach and Torrance southernmost part of Redondo Beach is a block north. Tenants of 321 Calle Miramar get the benefits offered by both cities.
Presented By: Michael Millea with Lyon Stahl Investment Real Estate, Inc.; 310-233-2800
Interior Features for 325 Calle Miramar
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 325 Calle Miramar
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate1.82
Carport Y/NNo
CityRedondo Beach
Community FeaturesCurbs, Sidewalks, Park
CountyLos Angeles
DirectionsPalos Verdes Drive South then turn West on Calle Miramar
Electric Expense1057.0
Electric On Property Y/NNo
Entry LocationFront Door
Fuel Expense2000.0
Garage Spaces6.0
Garage Y/NYes
Gross Income138948.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense7024.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet8442.0
Lot Size UnitsSquareFeet
MLS Area128 - Hollywood Riviera
MaintenanceExpense6739.0
MobileHomeRemainsYNNo
Net Operating Income63655.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense71125.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Tax Lot25
Taxes$40,107
Tenant PaysElectricity, Gas
Trash Expense2300.0
Water Sewer Expense3259.0
Year Built1954
Year Built SourceAssessor
ZoningTORR-MD
Exterior for 325 Calle Miramar
Building Area Total5853.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, NearPark, StreetLevel
Lot Size Acres0.1938
Lot Size Area8442.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
