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$3,497,500
Est. payment /mo
5,853 SqFt
UPDATED:
10/25/2024 08:11 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,853 sqft
Price per Sqft $597
MLS Listing ID CRSB24130449
HOA Y/N No
Year Built 1954
Lot Size 8,432 Sqft
Acres 0.19
Property Sub-Type Other
Property Description
OVER $1.5 MILLION IN PRICE REDUCTION. We are pleased to present for sale, 321 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 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 Calle Miramar get the benefits offered by both cities.
Location
State CA
County Los Angeles
Area Listing
Zoning TORR
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Level, Front Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7511019020
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Listed by Michael Millea • Lyon Stahl Investment Real Estate, Inc.
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