321 Calle Miramar, REDONDO BEACH CA, 90277

Pending

321 Calle Miramar

REDONDO BEACH CA, 90277

$3,497,500

$597.56 per sqft

Pending

3 Beds

2 Baths

5,853 sqft

Multi-family

Built in 1954

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.

SB24130449MR

MLSⓇ ID

June 25, 2024

Listed

October 26, 2024

Updated

Map

321 Calle Miramar
REDONDO BEACH CA, 90277

Interior Features

Total Stories: 2
Bedrooms: 3
Total Bathrooms: 2
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.19 Acres
Sewer: Public Sewer

Other Property Details

Area Name: Hollywood Riviera
Days on Market: 28
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

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

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Data last updated 10/26/2024