313 Calle Miramar, Redondo Beach, CA 90277
- $3,495,000
- 10
- BD
- 8
- BA
- 4,784
- SqFt
- List Price
- $3,495,000
- MLS#
- 26868125
- Year Built
- 1956
- Bedrooms
- 10
- Bathrooms
- 8
- Living Sq. Ft
- 4,784
- Lot Size
- 8,747
- Days on Market
- 2
- Property Type
- Multifamily
- Stories
- 2
Property Description
Prime Hollywood Riviera Location: 6-unit apartment located just two blocks from Torrance Beach, the Pacific Ocean, and within a few blocks of Riviera Village. Recent Capital Improvements: All new electrical panels and wiring (2025), updated plumbing drains (2024), and recent exterior and landscaping improvements. Outstanding Unit Mix: Comprised of (2) 2-bedroom/2-bathroom units, (2) 2-bedroom/1-bathroom units, and (2) 1-bedroom/1-bathroom units, with one of the 2-bedroom units delivered vacant. Desirable Property Amenities: Individual hot water heaters for each unit, six carport parking spaces, and a spacious, landscaped common area front yard. Large 8,747-SF Lot: Expansive parcel offering desirable ADU potential (Buyer to Verify). Strong Value-Add Opportunity: Rents are approximately 40% below market, equating to a 5.26% pro-forma cap rate and 13.67 pro-forma GRM, making this an ideal owner-user or long-term investment opportunity with no local rent control (AB 1482 only).
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Additional Information
- Other Buildings
- Other
- Heat
- Other
- Cooling
- Other
- Number of Cars in Garage
- Carport, Covered Parking
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Courtesy of Shield CRE, Inc., Jonathan Nikfarjam - CA DRE#01856803
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