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213 Calle Miramar

Redondo Beach, CA 90277
  • $5,300,000
  • STATUS: Active
  • ON SITE: 70 Days
  • ID#: 24420251
Price Reduced
UPDATED: 67 min ago
$5,300,000
  • 14
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,048
    SQFT
  • $752
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Gianluca Jacoli of Shield CRE, Inc. (310-593-9869)


Description

HUGE PRICE REDUCTION! Luca is proud to present this rare opportunity to purchase 10 Units delivered 80% Vacant just 4 properties away from the Ocean. Located in the Heart of Hollywood Riviera, the property is perfectly situated just footsteps from both the sand and Riviera Village filled with high-end restaurants, nightlife, shopping, and many more amenities. The subject property consists of (6) 1-bedroom/1-Bathroom Units and (4) 2-Bedroom/2-Bathroom Units. The subject property is a blank canvas as 8 out of 10 Units are currently vacant, offering an investor the ability to begin their remodeling workday 1. The property offers subterranean gated parking. Seller has in-place plans, renderings, and other information for a remodel, which can be provided to perspective buyers. This is an A-Class Trophy location and is NOT subject to LA Rent Control and instead falls under AB-1482.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-05T07:36:50.04. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Kristen Currier | LIV Sotheby's International Realty. Licensed in the State of California, USA.
www.kristencurrier.com/homes/153021324
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213 Calle Miramar Redondo Beach, CA 90277

  • Price: $5,300,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 67 min ago
  • ID#: 24420251
14
Beds
0
Baths
0
½ Baths
0.18
Acres
7,048
SQFT
$752
$/SQFT
1959
Built
Neighborhood:
128 - Hollywood Riviera
County:
Los Angeles
Area:
128 - Hollywood Riviera
Property Description
HUGE PRICE REDUCTION! Luca is proud to present this rare opportunity to purchase 10 Units delivered 80% Vacant just 4 properties away from the Ocean. Located in the Heart of Hollywood Riviera, the property is perfectly situated just footsteps from both the sand and Riviera Village filled with high-end restaurants, nightlife, shopping, and many more amenities. The subject property consists of (6) 1-bedroom/1-Bathroom Units and (4) 2-Bedroom/2-Bathroom Units. The subject property is a blank canvas as 8 out of 10 Units are currently vacant, offering an investor the ability to begin their remodeling workday 1. The property offers subterranean gated parking. Seller has in-place plans, renderings, and other information for a remodel, which can be provided to perspective buyers. This is an A-Class Trophy location and is NOT subject to LA Rent Control and instead falls under AB-1482.
Exterior Features

Number Of Separate Electric Meters 10 Parking Features Garage Parking Total 10

Property Features

Association YN No Cap Rate 5.64 Garage YN Yes Gross Income 383232 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 298741 New Construction YN No Number Of Separate Gas Meters 10 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 8 Zoning TORR-MD



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-05T07:36:50.04. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Kristen Currier | LIV Sotheby's International Realty. Licensed in the State of California, USA.
 
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Kristen Currier | LIV Sotheby's International Realty
727 W Ojai Avenue
Ojai CA, 93023
Listing Agent(s): Gianluca Jacoli of Shield CRE, Inc. (310-593-9869)