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    309 Calle Miramar Redondo Beach, CA 90277-6349
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    Property profile & analytics

    309 Calle Miramar, Redondo Beach, CA 90277-6349

    View on Map
    • Apartment buildings
    • 6,628 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Mar 21, 2024
    $4,175,000
    Property ID
    US09-8247192
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,175,000
    Show details
    Cap Rate Potential
    2.6%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 309 Calle Miramar

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Zone code
    TORR-MD
    Property type
    Apartment buildings
    APN
    7511-019-023
    APU
    7511019023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 21, 2024 $4,175,000 Miramar Pacific Partners LP Kaminskas Master LLC Grant Deed $2.5M · Kaminskas Master LLC
    May 26, 2023 — Kaminskas Master LLC Michael J Kaminskas Intrafamily Transfer · related —
    Jul 6, 2022 — Lillian D Kaminskas Rimvydas A Kaminskas Affidavit Of Death Of Joint Tenant · related —
    — — Rimvydas A Kaminskas — Deed Of Trust · related $535k · Home Savings Of America
    Dec 10, 1965 $41,000 — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,175,000
      ML approach
      $4,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,273,000
      Market price range: $832k - $4.27M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,015,000
      Current use
      RETAIL STORES
      $4,665,000
      Change: +55% Conversion: Difficult
      RESTAURANT
      $4,315,000
      Change: +43% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,035,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,860,000
      Change: +28% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,065,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $3,015,000
      Change: -0% Conversion: Moderate
      OFFICE BUILDING
      $2,975,000
      Change: -1% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.389
    Latitude
    33.8132
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $49,548
    $1,326,000
    $3,011,590
    $4,337,590
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $870,000
      6,240 SF

      217 Calle Miramar, Unit F

      APARTMENT HOUSE (5+ UNITS)
      217 Calle Miramar, Redondo Beach, CA 90277-6212
      View Details
    • Value Estimation
      $2,635,000
      20,714 SF

      1911 Camino De La Costa

      APARTMENT HOUSE (5+ UNITS)
      1911 Camino De La Costa, Redondo Beach, CA 90277-5452
      View Details
    • Value Estimation
      $1,165,000
      6,300 SF

      809 Catalina Ave

      APARTMENT HOUSE (5+ UNITS)
      809 Catalina Ave, Redondo Beach, CA 90277-4784
      View Details
    • Value Estimation
      $725,000
      4,248 SF

      518 Catalina Ave

      APARTMENT HOUSE (5+ UNITS)
      518 Catalina Ave, Redondo Beach, CA 90277-4162
      View Details
    • Value Estimation
      $6,160,000
      47,572 SF

      1200 Catalina Ave

      APARTMENT HOUSE (5+ UNITS)
      1200 Catalina Ave, Redondo Beach, CA 90277-4948
      View Details
    • Value Estimation
      $11,065,000
      48,663 SF

      1200 Esplanade

      APARTMENT HOUSE (5+ UNITS)
      1200 Esplanade, Redondo Beach, CA 90277-4933
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redondo Beach Multifamily Portfolio

      49 units in 11 buildings near Redondo Beach Harbor.
      1316 Amethyst St, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Redondo Beach 8-Unit Apartment Building

      Desirable 8-unit apartment building near the Esplanade with ocean views.
      106 Vista Del Mar, Redondo Beach, CA 90277
      View Details
    • $7,195,000
      7,584 SF

      Redondo Beach Apartment Building

      Eleven-unit apartment building in a desirable coastal community.
      1505 S Catalina Ave, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Redondo Beach Apartment Complex

      Turnkey 9-unit apartment complex in prime Beryl Heights location.
      1318 Agate St, Redondo Beach, CA 90277
      View Details
    • $3,199,999
      5,130 SF

      Redondo Beach Multifamily Investment

      Rare multifamily property in desirable South Redondo Beach location.
      523 Avenue G, Redondo Beach, CA 90277
      View Details

    Similar Nearby for Lease

    • $4,750 /Mo

      PCH Live/Work Opportunity

      Retail storefront with residential/office component in Redondo Beach.
      424 S Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • $3 SF/Yr
      1,652 SF

      Prime PCH Location Office Space

      Office space for rent in prime PCH location.
      1666 South Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • Contact for pricing
      2,036 SF

      Redondo Beach Office Space

      Second floor office/medical space available for lease.
      1611 S Catalina Ave, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Redondo Beach, CA.
      801 Torrance Blvd, Redondo Beach, CA 90277
      View Details
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    Redondo Beach, CA 90277-6349
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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