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Listed by William Joseph • Joseph Group
$1,975,000
Est. payment /mo
5,095 Sqft Lot
Active
386 Mira Mar AVE Long Beach, CA 90814
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25074668
Style Spanish
Originating Board California Regional MLS
Year Built 1928
Lot Size 5,095 Sqft
Property Sub-Type Fourplex
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
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling None
Laundry Gas Hookup, 30
Exterior
Parking Features Assigned Spaces, Carport , Parking Deck, Other
Garage Spaces 5.0
Pool 31, None
View None
Roof Type 2,Tile
Building
Story Three or More Stories
Water District - Public
Architectural Style Spanish
Others
Tax ID 7255015004
Special Listing Condition Not Applicable
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