825 Mira Mar AVE new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB25149549
Year Built 1961
Lot Size 5,845 Sqft
Property Sub-Type Quadruplex
Property Description
We are pleased to present 825 Mira Mar Avenue, an improved four-unit property located in the Greenbelt Heights pocket of Long Beach's Recreation Park neighborhood, just north of Belmont Heights. This quiet, residential location offers tenants direct access to Recreation Park's 210 acres of open space, two golf courses, tennis courts, and the city's largest dog park. The property is minutes from Colorado Lagoon, Marine Stadium, and the shops and restaurants of 2nd Street in Belmont Shore. Nearby schools include Jefferson Leadership Academy, Wilson High School, and Cal State Long Beach— making the area popular with students, families, and working professionals. The building features four large 2-bed/1-bath units, each with in-unit laundry, individual water heaters, and separate gas and electric meters. Two of the four units have been significantly renovated with modern finishes, new appliances, updated flooring, and bathroom upgrades. The seller has invested approximately $75,000 in interior improvements and an additional $42,000 in exterior capital expenditures, including a full new roof installation and a brand-new wood fence. Unit D also includes a private 600+ SF fenced sun deck. With a major system upgrade already completed and two units already improved, a new owner can finish the value-add strategy by renovating the remaining units to maximize future cash flow and returns. 825 Mira Mar offers a rare mix of location, income, and upside in a supply-constrained Long Beach submarket. With two fully upgraded units, recent exterior improvements, and the potential to increase income through future renovations, the property is well-positioned for long-term growth. It's also an ideal option for an owner-user—someone who wants to live in one unit while the rental income from the other three helps cover the mortgage. Investors seeking a well-located, low-maintenance coastal fourplex with long-term upside will find this to be a compelling opportunity.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3S
Interior
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Sidewalks
Building
Lot Description Cul-De-Sac
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard