$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. Lt Zoned TORR-MD While the physical address of t he 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.
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.