We are pleased to present 207 Mira Mar Avenue, Long Beach. This pride-of-ownership asset consists of five 1-bedroom/1-bathroom units only two blocks from the beach in the highly desirable Belmont Shore neighborhood. All five units are fully or partially remodeled, generating over $10,000 in monthly gross income. The property features… Read More significant capital improvements, including copper plumbing, a new electrical panel, new decks and railings, an updated roof with silicone coating, and newly installed gates and bike racks. Additionally, two single-car garages (400 sq ft) and a storeroom with plumbing (140 sq ft) on the lower-level present tremendous potential for ADU conversion (buyer to verify). Located in a high-demand rental market driven by proximity to the beach, recreational amenities, and Long Beach’s thriving economy, this exceptional property combines stable cash flow with future growth potential, making it an ideal addition to any investment portfolio. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Larson Harley 949-933-1112
Listing Snapshot
Days Online
2
Last Updated
Property Type
Mixed Use
Lot Size
0.09 Acres
Year Built
1922
MLS Number
SB25148798
30 Days Snapshot Of 90803
$1.89M
+38%
(avg) sold price
27
+125%
homes sold
79
+46%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1922, Building area total: 3,592, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Golf, Park, Sidewalks
Cooling
None
Expenses
Gardener expense: $1,200, Insurance expense: $3,592, Maintenance expense: $2,500, New taxes expense: $28,890, Operating expense: $44,777, Other expense: $2,955
Fireplaces
None
Garage
2 spaces
Income
Gross income: $124,500, Net operating income: $79,723
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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