313 Calle Miramar,Redondo Beach, CA 90277
Redondo Beach, CA 90277
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).
Details
| MLS # | 26868125 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 48 |
| Listing Provided By | Shield CRE, Inc. | Jonathan Nikfarjam |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 4,784 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | TORR-MD |
| Acreage | 0.20 |
Parking
| Parking Features | Covered, Carport |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Redondo Beach |
| Zip Code | 90277 |
| Area | 128 Hollywood Riviera |
| Listing VS Median (in 90277) | |
Price: $3,495,000 low | high Med: $2,300,000 sqft: 4,784 low | high Med: 1,008 $ / sqft: $731 low | high Med: $2,282 On site: 48 low | high Med: 60 | |
Market Activity 90277
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Redondo Beach |
| Zip Code | 90277 |
| Area | 128 Hollywood Riviera |
| Listing VS Median (in 90277) | |
Price: $3,495,000 low | high Med: $2,300,000 sqft: 4,784 low | high Med: 1,008 $ / sqft: $731 low | high Med: $2,282 On site: 48 low | high Med: 60 | |