Pending
325 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
$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.
SB24131012MR
MLSⓇ ID
June 25, 2024
Listed
September 13, 2024
Updated
Map
325 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
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
Listed by Michael Millea with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-233-2800
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024
