386 Mira Mar Avenue, Long Beach, CA 90814 - MLS#SB25074668

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,975,000

Est. payment - /mo

9 Beds

5 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID SB25074668

Bedrooms 9

Property Sub-Type Res Income 2-4 Units

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

Zoning Public Rec

Direction West of E. 4th Street between Grand and Termino

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Tile/Clay

Building

Story 3

Level or Stories 3

Others

Tax ID 7255015004

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Listed by William Joseph Joseph Group

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

386 Mira Mar Avenue Long Beach, CA 90814

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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