CA > Long Beach
Long Beach, CA 90814,386 Mira Mar Avenue
Long Beach, CA 90814,386 Mira Mar Avenue
Long Beach, CA 90814,386 Mira Mar Avenue
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$1,975,000
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9 Beds
5 Baths
5,095 Sqft Lot
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386 Mira Mar Avenue Long Beach, CA 90814

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25074668

Bedrooms 9

HOA Y/N No

Lot Size 5,095 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

386 Mira Mar Avenue presents a rare opportunity to acquire a trophy Spanish Revival fourplex, offering a strong cap rate of over 4% and a pro forma cap rate of 4.85% in the highly sought-after Belmont Heights neighborhood. This 4,764 SF property, situated on a 5,095 SF lot, features an attractive unit mix of three 2BD/1BA units and one 3BD/2BA unit each showcasing charm with hardwood flooring, tiled kitchens and bathrooms and in-unit laundry hookups. A sundeck at the rear of the property provides excellent outdoor space. Each unit is separately metered for gas and electricity, with tenants responsible for all utilities except water/sewer, trash, and gardening services. The property also offers ample parking, including (3) assigned garage spaces and (1) assigned carport spaces. This prime location has a walk score of 89 and grants convenient access to the vibrant 4th Street corridor, home to boutique retail, popular cafes, and established nightlife.
386 Mira Mar Avenue presents a rare opportunity to acquire a trophy Spanish Revival fourplex, offering a strong cap rate of over 4% and a pro forma cap rate of 4.85% in the highly sought-after Belmont Heights neighborhood. This 4,764 SF property, situated on a 5,095 SF lot, features an attractive unit mix of three 2BD/1BA units and one 3BD/2BA unit each showcasing charm with hardwood flooring, tiled kitchens and bathrooms and in-unit laundry hookups. A sundeck at the rear of the property provides excellent outdoor space. Each unit is separately metered for gas and electricity, with tenants responsible for all utilities except water/sewer, trash, and gardening services. The property also offers ample parking, including (3) assigned garage spaces and (1) assigned carport spaces. This prime location has a walk score of 89 and grants convenient access to the vibrant 4th Street corridor, home to boutique retail, popular cafes, and established nightlife.

Location

State CA

County Los Angeles

Area Long Beach (90814)

Zoning Public Rec

Exterior

Exterior Feature Stucco

Parking Features Unit1:Assigned

Roof Type Tile/Clay

Building

Lot Description Sidewalks

Story 3

Lot Size Range 4000-7499 SF

Level or Stories 3 Story

Others

Monthly Total Fees $78

Acceptable Financing Cash, Conventional, Land Contract

Space Rent $2,125

Listing Terms Cash, Conventional, Land Contract

San Diego Regional MLS (SDMLS)
Listed by William Joseph • Joseph Group

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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386 Mira Mar Avenue

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