325 Calle Miramar, Redondo Beach CA, 90277

Pending

325 Calle Miramar

Redondo Beach CA, 90277

$3,497,500

$597.56 per sqft

Pending

5,853 sqft

Condo

Built in 1954

Listed by Michael Millea with Lyon Stahl Investment Real Estate, Inc. 310-233-2800

$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.

SB24131012

MLSⓇ ID

June 26, 2024

Listed

September 7, 2024

Updated

Map

325 Calle Miramar
Redondo Beach CA, 90277

Interior Features

Total Stories: 2
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.19 Acres
Lot Features: Front Yard, Near Park, Street Level
Sewer: Public Sewer

Other Property Details

Area Name: 128 - Hollywood Riviera
Days on Market: 27
Garage: Yes
Garage Spaces: 6
Parking: Assigned
Parking Total: 6
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: TORR-MD

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/7/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/7/2024 at 7:40 PM UTC