213 Calle Miramar, Redondo Beach, CA 90277-6269
- Apartment buildings
- 7,048 SF
- 0.18 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 213 Calle Miramar
- Year built
- 1959
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Zone code
- TORR-MD
- Property type
- Apartment buildings
- APN
- 7511-019-031
- APU
- 7511019031
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 5, 2024 | $5,100,000 | Darren Norman Tangen | Mary Mellone | Grant Deed | $3.1M · Axos Bank |
| Jul 29, 2016 | — | Mary Mellone | — | Deed · related | $1.4M · Malaga Bank Fsb |
| Sep 1, 2005 | $2,700,000 | Mary Mellone | Simpson,william D | Grant Deed | $1.3M · Bay Cities National Bank |
| — | — | Mary Mellone | — | Deed Of Trust · related | $1.5M · Union Bank |
| — | — | William D Simpson | — | Deed Of Trust · related | $600k · World Savings & Loan |
| — | — | Mary Mellone | — | Deed Of Trust · related | $200k · Metropacific Bank |
Description
This exceptional investment opportunity presents a 10-unit apartment building located at 213 Calle Miramar, Redondo Beach, CA 90277. The property boasts 7,048 square feet of living space situated on a 7,906 square foot lot. Built in 1959, this three-story building features a mix of six one-bedroom/one-bathroom and four two-bedroom/two-bathroom units. Currently, the occupancy rate is 20%, offering a significant value-add opportunity for a new owner. The building includes subterranean gated parking. The asking price is $5,300,000, representing $530,000 per unit. The current Net Operating Income (NOI) is $298,741, resulting in a 5.64% capitalization rate. A pro-forma NOI of $331,909 projects a 6.26% capitalization rate. The property is zoned TORR-MD and is not subject to Los Angeles Rent Control, instead falling under AB-1482. Detailed remodel plans, renderings, and information are available for prospective buyers. This prime location in the heart of Hollywood Riviera is just steps from the beach and Riviera Village, offering easy access to upscale restaurants, nightlife, and shopping. This is a rare chance to acquire a generational asset in a highly desirable coastal location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Redondo Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.389
- Latitude
- 33.8145
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
