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Listing 5 out of 162
Sold for $4,178,000 Sold

221 Calle Miramar
Redondo Beach, CA 90277

6 units | Multi Family Home
7789 sq ft - MLS# SB18163597
Property Photo

Sold

Sold for $4,178,000 on Sep 14, 2018

Description

CASA MIRAMAR - In the heart of the Rivera. Only a handful of comparable 6+ unit buildings have traded in the neighborhood in the past 5+ years. A Legacy Property oozing with pride of ownership, Casa Miramar has not changed hands in over three decades. No wonder why, this generational asset consist of six 1000+ sq. ft. units, each neatly appointed and generously sized with functional floor plans featuring indoor/outdoor living options for the residents and well suited to the South Bay beach lifestyle. On-site laundry and 18 on-site parking spots (6 garage and 12 tandem). All with the beach and the village mere moments away.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $4,368,000
  • Zip Code: 90277
  • Year Built: 1956
  • Style: Traditional
  • Stories: One
  • Units: 6 units
  • # of Parking Spaces: 18.00
  • Lot Size: 7789 sq ft
  • Zoning: TORR-MD
  • Area: 128 - Hollywood Riviera
  • Appliances: Dishwasher, Garbage Disposal, Gas Range, Gas Water Heater, Refrigerator
  • Appliances YN: Yes
  • Average 2 Bed Area: 1000
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 6240.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.07
  • Common Walls: 2+ Common Walls
  • Community Features: Sidewalks
  • Country: US
  • Directions: PCH TO KNOB HILL WEST TO ESPLANADE SOUTH TO 221 CALLE MIRAMAR
  • Electric Expense: 867.00
  • Exterior Features: Lighting
  • Flooring: Carpet, Laminate
  • Foundation Details: Raised
  • Fuel Expense: 241.00
  • Garage Spaces: 6.00
  • Gardener Expense: 660.00
  • Gross Income: 196366.00
  • Gross Multiplier: 21.58
  • Gross Operating Income: 196366.00
  • Gross Scheduled Income: 202440.00
  • Heating: Wall Heater
  • Heating YN: Yes
  • Insurance Expense: 1699.00
  • Interior Features: Ceiling Fan, Copper Plumbing Partial, Granite Counters, Unfurnished
  • Laundry Features: Community, Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 02028496
  • Listing Office License: 02005887
  • Lot Features: Lot 6500-9999, Near Public Transit, No Landscaping, Park Nearby
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 6073.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 134170.00
  • New Taxes Expense: 48572.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 62196.00
  • Operating Expense Percent: 31.67
  • Parking Features: Assigned
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Roof: Composition
  • Room Type: Kitchen, Living Room
  • Selling Agent: Antonio Quion
  • Selling Agent License: 01187110
  • Selling Office: American First Financial
  • Sewer: Public Sewer
  • Stories Total: 3
  • Total Expenses: 62196.00
  • Trash Expense: 2376.00
  • Uncovered Spaces: 12.00
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 1576.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 4178000.00
  • Sold Date: 2018-09-14 00:00:00
Courtesy of Win Real Estate Services, Inc., Fikirte Worku

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Krystyna Ryan
Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: krystynarealestate@gmal.com
BRE # 01485187

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Krystyna Ryan | Broker Associate | The Real Estate Group
Phone: 310.918.5027 | Email: krystynarealestate@gmal.com
BRE # 01485187