628 Mira Mar Ave - Apartments FOR SALE


Long Beach, CA 90814
$1,849,999 USD
424-744-6662
628 Mira Mar Ave, Long Beach, CA for Sale
$1,849,999 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

628 Mira Mar Ave
Long Beach, CA 90814


HIGHLIGHTS

  • 3 UNITS TO BE DELIVERED VACANT!
  • 2miles to Cal State Long Beach and 1.5miles to Belmont Shores
  • All units have been remodeled within the last few years and ADU built in 2022
  • Upper unit has a balcony and top-level outdoor patio deck rebuilt in 2021
  • All 3 units feature in-unit laundry, with one conveniently located in the garage
  • A total of 7 parking spaces, including a 2-car garage with 220V, adaptable for EV charging.

OVERVIEW

3 VACANT UNITS in coveted BELMONT HEIGHTS!! AMAZING OPPORTUNITY to make this the ideal FAMILY COMPOUND, perfect for multi-generational living or an incredible income-generating property just minutes from the beach! The charming FRONT HOUSE, remodeled in 2020, featuring original refinished hardwood floors. The bathroom has been updated and offers modern convenience and style. The kitchen boasts white shaker cabinets with soft-close features, quartz countertops, a farm sink and faucet and modern amenities such as a dishwasher and a self-cleaning gas range. Enjoy the convenience of a LAUNDRY ROOM just off the kitchen. The foundation was braced for added safety. The fenced backyard is equipped with automatic sprinklers, and the long driveway with a gate provides ample parking space (3 total). This beautifully updated home seamlessly combines modern conveniences with classic charm. UPSTAIRS BACK UNIT, built in 1987, features stunning vaulted ceilings and a balcony in the living room, creating a bright and airy atmosphere. The remodeled kitchen and bathroom showcase a modern color scheme and include a kitchen island, granite countertops and stainless-steel appliances. Each bedroom has 2 closets and wood blinds. The bathroom includes a double sink vanity. Unit benefits from a new high-efficiency mini-split system installed in May 2022, providing both heating and cooling. Enjoy the expansive private deck with serene rooftop views, perfect for relaxing or entertaining. Laundry hook-ups are available in the OVERSIZED 2 CAR GARAGE along with a 220v perfect for those with electric vehicles. The ADU, built in 2022 is equipped with modern finishes like a mini-split system for cooling and heating. Convenient inside laundry. The bathroom has a roll-in shower and new tankless water heater. ADU has dedicated alley parking space. Situated in the heart of Belmont Heights, this property offers easy access to the great amenities of the neighborhood and the beautiful Belmont Shores beach. Only 2 MILES to CAL STATE LONG BEACH! Enjoy nearby dining, shopping, parks, and the coastal lifestyle this area is known for. Don't miss this chance to add to your portfolio or move to this desirable neighborhood. **Since two units have been owner-occupied, my financial projections as an investor are limited. Tax on OM based on projected taxes for current list price. I hope the offering memorandum serves as a helpful guide. **

FOR SALE DETAILS

PRICE

$1,849,999 USD

PRICE/SF

$660 USD /SF

# OF UNITS

3

PRICE/UNIT

$616,666

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,287 SF

ZONING

LBR1N

APN/PARCEL ID

7254-027-019

ASK ABOUT THIS PROPERTY

Nidia SanchezFirst Team Real EstateMore Info
424-744-6662

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Nidia SanchezFirst Team Real EstateMore Info
424-744-6662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.