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313 Calle Miramar
Redondo Beach, CA 90277 Torrance Beach

$3,495,000 USD

Apartments For Sale • 4,784 SF

Property Details

Property Type Apartments
Total Building Size 4,784 SF
Lot Size 0.2 AC
Building Class C
Year Built 1956
Cap Rate 3.24 %
Zoning TORR-MD

20 Transit Score

50 Walk Score

                
                    Highlights
                
                                Prime Hollywood Riviera Location: 6-unit apartment just two blocks from Torrance Beach, Pacific Ocean, and within a few blocks of Riviera Village.
                            
                                Capital Improvements: All new electrical panels and wiring (2025), updated plumbing drains (2024), and recent exterior and landscaping improvements.
                            
                                Outstanding Unit Mix: Comprised of (4) 2-bedroom 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, 6 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). | No Local Rent Control: Defaults to AB 1482.
                            
                                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.

Financial Summary (Actual)

Net Operating Income: $113,113 USD (2025)

Cap Rate:	3.24 %
Total Expenses:	$64,153 USD

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	22 min	-	10.6 mi
Long Beach (Daugherty Field)	27 min	-	15.2 mi
Bob Hope	56 min	-	37.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Covered
Included in Rent:	Yes

Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate

313 Calle Miramar Redondo Beach, CA 90277 Torrance Beach