386 Mira Mar Avenue 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
Square Footage 4,764 sqft
Price per Sqft $414
Subdivision Belmont Heights
MLS Listing ID SB-25074668
Style Spanish
Year Built 1928
Lot Size 5,095 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
Interior
Interior Features Crown Molding
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplaces Type None
Laundry Gas Dryer Hookup,Washer Hookup
Exterior
Parking Features Assigned,Carport,Deck,Driveway
Garage Spaces 3.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Available,Sewer Connected,Water Available,Water Connected
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer