Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB25074668
MLS Source
California Regional MLS
Days on Site
23
Interior Features
Appliances
Oven Range - Gas, Refrigerator
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Tile
Pool
None
Style
Spanish
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Carport, Other, Parking Deck, Garage: 3 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
386 Mira Mar Ave is a Residential Income in Long Beach, CA 90814. This – square foot property sits on a 5,095 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,975,000 and was built in 1928. This address can also be written as 386 Mira Mar Ave, Long Beach, CA 90814.
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This listing information is up-to-date as of May 04, 2025. For the most current information, please contact William Joseph, (310) 415-4655
