Investment Highlights
Executive Summary
| Located within the highly desirable neighborhood of Belmont Heights! With incredible design and architecture, this 1922 Classic is a true Pride of Ownership building! Located on a beautiful treelined street and surrounded by Palm trees. This incredible asset is the epitome of everything that’s great about Southern California! Along with the incredible curb appeal, every individual unit has an open modern feel, impressive high ceilings, and an abundance of natural light. Comprised of four large (874Sf) 1 bedroom x 1 bathroom units & two (350Sf) studios. The entire building has recently been significantly upgraded to “like new” condition. Upgrades include; All new kitchens, bathrooms, AC units and heat, new dual pane windows, light and window fixtures, interior and exterior paint and much much more! Despite the impressive modern amenities the architect/designer was able to retain a lot of the “classic feel” of the 1920’s by retaining and refinishing the original hardwood flooring and built in cabinetry. The buildings infrastructure has also been upgraded with all new copper plumbing throughout, all new electrical, upgraded foundation and new sewer line. “The location” Just a short stroll to the Beach and “2nd street”, which houses most of Long Beaches best fashion stores, restaurants, bars and coffee shops. |
Property
Information
211 Mira Mar Ave
2800000 List Price
6 Units
4194 Sq.Ft
0.1343 Lot Size (Sq.Ft)
4 Bedrooms
6 Full Bathrooms
4.2% Cap Rate
15.7 GRM (Gross Rent Multiplier)
466666 Per Door
667.62 Per Square Foot
466,666 Per Unit
Year Built:
1922
1922
Property Type:
Investment, Commercial, Multifamily, Apartment
Investment, Commercial, Multifamily, Apartment
