$3,497,500 Price Analysis   ♡   Redondo Beach, CA 90277 10 bed 6 bath 5,853 SqFt ($597/SqFt) 8,432SqFt lot. Built 1954 Listed 2024-06-26, Taxes $5,373 | Ⓧ USDA Ineligible due to price & location near Redondo Beach |
OVER $1.5 MILLION IN PRICE REDUCTION.
* Sale Pending *We are pleased to present for sale, 321 Calle Miramar, located 2 blocks away from Torrance Beach and 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 Clle Miramar get the benefits offered by both cities.
Presented by Michael C Millea at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24130449 from CRMLS
Lot Size Acres: 0.1935721
Lot Size Source: Assessor
Lot Size Square Feet: 8432
Parking Features: Parking YN: Yes, Parking Features: Assigned
Parking Total: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 4
Unit-2 Garage Spaces: 2
Maintenance Expense: 7071.00
County: Los Angeles
Cap Rate: 2.00
Source Property Type: Residential Income
Insurance Expense: 7024.00
Area: 128 - Hollywood Riviera
Source Neighborhood: 128 - Hollywood Riviera
New Taxes Expense: 40101.00
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 1
Parcel Number: 7511019020
Postal Code Plus 4: 6353
Professional Management Expense: 7071.00
Trash Expense: 2300.00
Zoning: TORR-MD
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $300,313 + $66,507 $366,820 | $5,373 |
| 2021 | $294,425 + $65,203 $359,628 | $5,477 |
| 2020 | $291,407 + $64,535 $355,942 | $5,408 |
| 2019 | $285,694 + $63,270 $348,964 | $5,344 |
| 2018 | $280,093 + $62,030 $342,123 | $5,119 |
| 2017 | $274,601 + $60,814 $335,415 | $4,983 |
| 2016 | $269,217 + $59,622 $328,839 | $4,811 |
| 2015 | $265,174 + $58,727 $323,901 | $4,723 |
| 2014 | $259,980 + $57,577 $317,557 | $4,662 |
| 2013 | $258,806 + $57,317 $316,123 | $4,602 |
| 2012 | $253,732 + $56,194 $309,926 | $4,558 |
| 2010 | $248,757 + $55,093 $303,850 | $4,329 |
| 2009 | $247,485 + $54,812 $302,297 | $4,238 |
| 2009 | $246,898 + $54,682 $301,580 | $4,238 |
| 2008 | $242,633 + $53,738 $296,371 | $4,031 |
| 2007 | $237,876 + $52,685 $290,561 | $3,902 |
$3,497,500
CRMLS
Listing removed 2024-07-25
$0
CRMLS
Price Changed 2024-07-09
$3,497,500
CRMLS
Price Changed 2024-06-29
$3,995,000
CRMLS
Listed 2024-06-26
$4,995,000
CRMLS
Year Built: 1954
Building Features: 1
Common Walls: No Common Walls
Entry Level: 2
Entry Location: Front Door
Property Age: 70
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 3359.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.