207 Mira Mar Ave - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$2,250,000 USD
949-933-1112
207 Mira Mar Ave, Long Beach, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

207 Mira Mar Ave
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Pride of Ownership 5-Unit Property Located Two Blocks from the Beach in Belmont Shore
  • Two Single-Car Garages + Storeroom with Plumbing (540 Sq ft) on Lower Level
  • (5) 1-Bed/1-Bath Units | All Units Fully or Partially Remodeled
  • CAPEX: Copper Plumbing, New Electrical Panel, New Decks/Railings, Updated Roof (Silicone Coating), Gates & Bike Racks Installed
  • Steps from Belmont Pier, Vibrant Beachside Retail, Restaurants, & Coffee Shops

OVERVIEW

The Harley Group at Lyon Stahl is pleased to present 207 Mira Mar Avenue, Long Beach. This pride-of-ownership asset consists of five 1-bedroom/1-bathroom units only two blocks from the beach in the highly desirable Belmont Shore neighborhood. All five units are fully or partially remodeled, generating over $10,000 in monthly gross income. The property features significant capital improvements, including copper plumbing, a new electrical panel, new decks and railings, an updated roof with silicone coating, and newly installed gates and bike racks. Additionally, two single-car garages (400 sq ft) and a storeroom with plumbing (140 sq ft) on the lower-level present tremendous potential for ADU conversion (buyer to verify). Located in a high-demand rental market driven by proximity to the beach, recreational amenities, and Long Beach’s thriving economy, this exceptional property combines stable cash flow with future growth potential, making it an ideal addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$626 USD /SF

# OF UNITS

5

PRICE/UNIT

$450,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,780 SF

ZONING

R4R

APN/PARCEL ID

7256-008-025

ASK ABOUT THIS PROPERTY

Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

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Larson HarleyLyon Stahl Investment Real EstateMore Info
949-933-1112

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.