ASSET 6-unit apartment located in South Redondo Beach’s Hollywood Riviera. No local rent control – AB 1482 only. The property features all new electrical panels, new electrical wires, updated plumbing drains and 6 carport parking spaces. Each unit contains individual hot water heaters. Situated on a large 8,747-SF lot, the property consists of (2) 2-bedroom/2-bathroom units, (2) 2-bedroom/1-bathroom units and (2) 1-bedroom/1-bathroom units. One of the 2-bedroom units is currently vacant. The large lot and parking area present a desirable opportunity to add ADUs. Furthermore, the property has undergone recent exterior and new landscaping, enhancing its curb appeal. LOCATION 313 Calle Miramar is located just two blocks from Torrance Beach, Miramar Park and the Pacific Ocean. The asset is also within a few blocks of Riveria Village and the many retail, dining and entertainment options of South Redondo Beach. FINANCIALS This 4,784-SF apartment presents a tremendous value-add opportunity with rents that are +/-40% below market. Priced at a pro-forma cap rate of 5.26% and pro-forma GRM of 13.67, the asset provides spectacular upside potential in an incredible South Redondo Beach location.