386 Mira Mar AVE new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90814
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID SB25074668
HOA Y/N No
Year Built 1928
Lot Size 5,096 Sqft
Property Sub-Type Quadruplex
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.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR1N
Rooms
Other Rooms Storage
Interior
Interior Features Crown Molding
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range,Refrigerator
Laundry Washer Hookup,Gas Dryer Hookup
Exterior
Parking Features Assigned,Carport,Driveway,Deck
Garage Spaces 3.0
Carport Spaces 1
Garage Description 3.0
Fence Stucco Wall
Pool None
Community Features Sidewalks
Utilities Available Sewer Available,Sewer Connected,Water Available,Water Connected
View Y/N No
View None
Roof Type Asphalt,Tile
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Faces North
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Three Or More
Additional Building Storage
New Construction No
Others
Senior Community No
Tax ID 7255015004
Energy Description 200.0
Acceptable Financing Cash,Conventional,Contract
Listing Terms Cash,Conventional,Contract
Special Listing Condition Standard