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$ 1,710,000
Est. payment /mo
New
825 Mira Mar Avenue Long Beach, CA 90804
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB25149549
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 825 Mira Mar Avenue, an improved four-unit property located in the Greenbelt Heights pocket of Long Beachs Recreation Park neighborhood, just north of Belmont Heights. This quiet, residential location offers tenants direct access to Recreation Parks 210 acres of open space, two golf courses, tennis courts, and the citys 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 inc
Location
State CA
County Los Angeles
Zoning Assessor
Direction Mira Mar Ave and E 8th St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7254016002
Listed by Christopher Van Vuuren Lyon Stahl Investment Real Estate, Inc.