Homes for sale - 386 Mira Mar Avenue, Long Beach, CA 90814

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John R Thompson

jrtcalibroker@gmail.com +1(805) 796-5221

Listed by William Hill Joseph • Joseph Group

$1,975,000

Est. payment - /mo

4,764 SqFt

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UPDATED:

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

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John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

386 Mira Mar Avenue Long Beach, CA 90814

John R Thompson

Key Details

Location

Interior

Exterior

Building

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386 Mira Mar Avenue