Property details
Propery Type:
Apartments
Address:
207 Mira Mar Ave Long Beach, CA 90803
Offering Price:
$2,099,000
Units:
5
Cap Rate:
4.01%
Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us
Investment Highlights

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.

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Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us

207 Mira Mar Ave

Long Beach, CA
90804
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