817 Mira Mar Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,649,000 USD
424-220-8960
817 Mira Mar Ave, Long Beach, CA for Sale
$1,649,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

817 Mira Mar Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Email the listing agent for Offering Memorandum.

OVERVIEW

Well-located 4-unit income property in the Greenbelt Heights pocket of Long Beach's Recreation Park neighborhood, just north of Belmont Heights. All four units are large 2-bed/1-bath floor plans with in-unit laundry, an individual water heater, and separate gas and electric meters. Two units are fully renovated with new kitchens, baths, flooring, appliances, and laundry hookups; the other two are occupied by long-term residents. Unit D includes a private, 600+ SF fenced sun deck. Seven total parking spaces: 3 single-car garages with tandem driveway parking, plus 1 open space. Currently producing $115,260 in annual rent. Ideal owner-user play – live in one unit and let the other three help cover the mortgage (FHA/conventional financing may apply on 4 units or fewer – verify with lender). Minutes to Recreation Park, Colorado Lagoon, Marine Stadium, Belmont Shore's 2nd Street, CSULB, and Wilson High School. Buyer to verify all information.

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

4

PRICE/UNIT

$412,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,959 SF

ZONING

R3

APN/PARCEL ID

7254-016-003

ASK ABOUT THIS PROPERTY

Chris van VuurenLyon Stahl Investment Real EstateMore Info
424-220-8960

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Chris van VuurenLyon Stahl Investment Real EstateMore Info
424-220-8960

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