NOT LISTED FOR SALE

Estimated Value: $2,527,000 - $3,345,000

7 Beds
5 Baths
3,387 Sq Ft
$896/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $2,725,000 $805 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $18,834/month

12 Days on Market

Highlights

  • Ocean View
  • End Unit
  • Laundry Room
  • Riviera Elementary School Rated A
  • No HOA
  • Landscaped

About This Home

As of May 2021

344 Calle Miramar is a triplex located in the desirable Hollywood Riviera in Redondo Beach. The property consists of a detached 4-bed/2.5-bath house and a separate duplex featuring (1) 2-bed/1-bath and (1) 1-bed/1-bath. The duplex was remodeled in 2018 and is bringing in top-of-the-market rental income. Each unit is separately metered, includes a washer & dryer, and has their own private decks with views of Torrance Beach. There are a total of (3) single car garages and additional street parking.
Located exactly 3 blocks from the beach and a short distance to the Riviera Village, this is an excellent opportunity for an owner-user or yield-focused investor.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 02/25/2021

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Kory Kaghazi

Beach City Brokers License #02000002

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,019

Year Built

  • Built in 1954

Lot Details

  • 7,002 Sq Ft Lot
  • No Common Walls
  • End Unit
  • Landscaped

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Triplex

Interior Spaces

  • 3,387 Sq Ft Home
  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 26 / F
  • Tax Tract Number 10303
  • Assessor Parcel Number 7511021006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,355
  • Maintenance Expense $3,582
  • Other Expense $2,400
  • New Taxes Expense $28,413
  • Operating Expense $36,950
  • Gross Income $115,818
  • Net Operating Income $78,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,019

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • CapRate: 3.16
  • Property Attached: No
  • View: Yes
  • Zoning: TORR-MD
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7511021006
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: End Unit, No Common Walls
  • Levels: Two
  • Price Per Square Foot: 804.55

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7002.00
  • Lot Size Acres: 0.1607

Multi Family

  • Gross Income: 115818.00
  • Gross Multiplier: 20.90
  • Gross Operating Income: 115818.00
  • Gross Scheduled Income: 119400.00
  • Insurance Expense: 1355.00
  • Lot Size Area: 7002.0000 Square Feet
  • Maintenance Expense: 3582.00
  • Net Operating Income: 78868.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 36950.00
  • Other Expense: 2400.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 10650.00
  • Total Expenses: 36950.00
  • Vacancy Allowance: 3582

Tax Info

  • New Taxes Expense: 28413.00
  • Tax Block: F
  • Tax Census Tract: 6513.04
  • Tax Lot: 26
  • Tax Tract Number: 10303

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2022
Sold by
Jeffrey Richardson
Bought by
Redondo Beach Breeze Llc
Current Estimated Value
$3,034,218

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 9, 2021
Sold by
Richardson Constance
Bought by
Richardson Jeffrey
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Kory Kaghazi
Beach City Brokers
List Price
$2,495,000
Sold Price
$2,725,000
Premium/Discount to List
$230,000
9.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.49%
Original Mortgage
$1,771,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2021
Closed on
Mar 19, 2021
Sold by
Buena Vista Riviera Llc
Bought by
Richardson Jeffrey and Chow Tricia
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Kory Kaghazi
Beach City Brokers
List Price
$2,495,000
Sold Price
$2,725,000
Premium/Discount to List
$230,000
9.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,771,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2021
Sold by
Daniel F Nguyen F and Daniel Lisa E
Bought by
Buena Vista Riviera Llc

Purchase Details

Closed on
Dec 8, 2020
Sold by
Nguyen Daniel F and Revoca Lisa
Bought by
Daniel F Nguyen And Lisa E Nguyen Revodable L and Nguyen

Purchase Details

Listed on
Aug 9, 2013
Closed on
Oct 30, 2013
Sold by
Loveday Krista Noel and The Jones Family Trust
Bought by
Nguyen Daniel F and Nguyen Lisa E
Seller's Agent
Bob Locke
West Shores Realty, Inc.
Buyer's Agent
James Sanders
Estate Properties
List Price
$1,700,000
Sold Price
$1,650,000
Premium/Discount to List
-$50,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$1,000,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Redondo Beach Breeze Llc -- Elkins Knit Weintraub Reuben G
Richardson Jeffrey -- Usa National Title Company
Chow Tricia -- Usa National Title Company
Richardson Jeffrey $2,725,000 Usa National Title Company
Buena Vista Riviera Llc -- None Listed On Document
Daniel F Nguyen And Lisa E Nguyen Revodable L -- None Listed On Document
Nguyen Daniel F $1,650,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richardson Jeffrey $1,771,250
Previous Owner Nguyen Daniel F $1,505,000
Previous Owner Nguyen Daniel F $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2021 05/04/21 Sold $2,725,000 +9.2% $805 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $2,495,000 +51.2% $737 / Sq Ft
11/14/2013 11/14/13 Sold $1,650,000 -2.9% $487 / Sq Ft
09/16/2013 09/16/13 Pending -- -- --
08/24/2013 08/24/13 For Sale $1,700,000 -- $502 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $32,019 $2,891,791 $1,804,053 $1,087,738
2024 $32,019 $2,835,090 $1,768,680 $1,066,410
2023 $31,418 $2,779,500 $1,734,000 $1,045,500
2022 $31,611 $2,779,500 $1,734,000 $1,045,500
2021 $21,579 $1,868,632 $1,528,882 $339,750
2020 $21,253 $1,849,473 $1,513,206 $336,267
2019 $20,954 $1,813,210 $1,483,536 $329,674
2018 $20,343 $1,777,658 $1,454,448 $323,210
2016 $19,454 $1,708,631 $1,397,971 $310,660
2015 $19,035 $1,682,967 $1,376,973 $305,994
2014 $18,529 $1,650,000 $1,350,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21039371

California Regional Multiple Listing Service (CRMLS)

APN: 7511-021-006