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Listed by William Joseph • Joseph Group
$ 1,975,000
Est. payment /mo
Pending
386 Mira Mar Avenue Long Beach, CA 90814
4,764 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,764 sqft
Price per Sqft $414
MLS Listing ID CRSB25074668
HOA Y/N No
Year Built 1928
Lot Size 5,095 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
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
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Wood
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
View None
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