207 Mira Mar Ave - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$2,099,000 USD
707-225-2402
207 Mira Mar Ave, Long Beach, CA for Sale
$2,099,000 USD
Apartments - FOR SALE
1/6
null | 4.01% Cap Rate

207 Mira Mar Ave
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Less Than 10 Minute Walk to 2nd St
  • Two Blocks From The Ocean
  • Major Capital Improvements
  • Easy Addition To Ones Portfolio

OVERVIEW

Nestled in the heart of Belmont Heights, just two blocks from the ocean and a short ten-minute walk to 2nd Street’s premier dining, retail, and nightlife, 207 Mira Mar Ave offers investors a rare opportunity to acquire a well-maintained, character-rich five-unit multifamily property in one of Long Beach’s most desirable coastal submarkets. All five units are fully or partially remodeled one bedroom / one bathroom. The building is equipped with 2 garages + 2 uncovered spaces in front of the garages. There is also an additional storage unit onsite which can be rented for extra revenue. A new investor can explore converting garages into ADUs. The asset has undergone major upgrades reducing near-term maintenance including new electrical panels, recoating of the roof, and new decks and railings. For more information, please reach out to the listing agents.

FOR SALE DETAILS

PRICE

$2,099,000 USD

PRICE/SF

$584 USD /SF

# OF UNITS

5

PRICE/UNIT

$419,800

CAP RATE

4.01%

% 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

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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