See all 10 photos

$3,497,500

Est. payment - /mo

Save

5,853 SqFt

Pending

325 Calle Miramar Redondo Beach, CA 90277

Save

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/25/2024 07:57 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 5,853 sqft

Price per Sqft $597

MLS Listing ID SB24131012

HOA Y/N No

Year Built 1954

Lot Size 8,441 Sqft

Acres 0.1938

Property Description

$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.

Location

State CA

County Los Angeles

Area 128 - Hollywood Riviera

Zoning TORR-MD

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage Assigned

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Sidewalks, Park

Parking Type Assigned

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard, Near Park, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7511019019

Energy Description 2000.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Michael Millea • Lyon Stahl Investment Real Estate, Inc. • 310-233-2800

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search