321 Calle Miramar
Redondo Beach, CA 90277
0.19 acres | #SB24130449
Description
OVER $1.5 MILLION IN PRICE REDUCTION. We are pleased to present for sale, 321 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 325 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 8,430 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.
Property Details
- Lot DescriptionFrontYard, StreetLevel
- Stories2
Measurements
- Acres0.1936
Parking
- Parking Spaces6
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1954
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$4,995,000
Other
- MLS #SB24130449
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Michael Millea (#SMILMIC)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
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