CA > Long Beach > Belmont Heights (Bh)
Long Beach, CA 90814,386 Mira Mar AVE
Long Beach, CA 90814,386 Mira Mar AVE
Long Beach, CA 90814,386 Mira Mar AVE
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$1,975,000
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5,096 Sqft Lot
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386 Mira Mar AVE Long Beach, CA 90814

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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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

California Regional MLS (CRMLS)
Listed by William Joseph • Joseph Group • 310-415-4655

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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