321 Calle Miramar Redondo Beach, CA 90277
Pending
$3,497,500
30%
6 Units
3 Beds
2 Baths
5,853 Area(sq.ft.)
8,432 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 2 | 1 | No | $ 2,238 | $ 8,950 | $ 14,000 |
| Unit 2 | 2 | 1 | 1 | No | $ 1,600 | $ 3,200 | $ 5,500 |
| 2 | 6 | 10 | 6 | $ 12,152 | $ 42,200 | $ 67,000 |
| MLS #: | SB24130449MR |
| Days On Market: | 28 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 598 |
| Price per unit: | $ 582,917 |
| Year Built: | 1954 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 71,783 |
| Net Operating Income: | $ 69,643 |
| Cap Rate: | 2% |
| Gross Rent Multiplier: | 25.17 |
Structure
| Community Features: | Curbs, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | TORR-MD |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| Laundry: | None |
Exterior
| Pool: | No |
Detailed Map
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Income
