325 Calle Miramar Redondo Beach, CA 90277
Riviera NeighborhoodEstimated payment $22,518/month
Highlights
- Property is near a park
- No HOA
- Front Yard
- Riviera Elementary School Rated A
- Level Lot
- 4-minute walk to Miramar Park
About This Home
$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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-233-2800 License #01069014 Listed on: 06/26/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1954
Lot Details
- 8,442 Sq Ft Lot
- No Common Walls
- Level Lot
- Front Yard
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Interior Spaces
- 5,853 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Property is near a park
Listing and Financial Details
- Legal Lot and Block 25 / E
- Tax Tract Number 10303
- Assessor Parcel Number 7511019019
- $1,285 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,057
- Fuel Expense $2,000
- Gardener Expense $1,800
- Insurance Expense $7,024
- Maintenance Expense $6,739
- Professional Management Expense $6,739
- Trash Expense $2,300
- Water Sewer Expense $3,259
- New Taxes Expense $40,107
- Operating Expense $71,125
- Gross Income $138,948
- Net Operating Income $63,655
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2024 07/29/24 | Pending | -- | -- | -- |
| 07/24/2024 07/24/24 | Off Market | $3,497,500 | -- | -- |
| 07/23/2024 07/23/24 | For Sale | $3,497,500 | 0.0% | $598 / Sq Ft |
| 07/22/2024 07/22/24 | Off Market | $3,497,500 | -- | -- |
| 07/08/2024 07/08/24 | Price Changed | $3,497,500 | -12.5% | $598 / Sq Ft |
| 06/28/2024 06/28/24 | Price Changed | $3,995,000 | -20.0% | $683 / Sq Ft |
| 06/26/2024 06/26/24 | For Sale | $4,995,000 | -- | $853 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24131012
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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