Renovated Charmer 207 Mira Mar Ave 5 Unit Apartment Building $2,930,036 CAD ($586,007 CAD/Unit) 4.01% Cap Rate Long Beach, CA 90803

Nestled in the heart of Belmont Heights, just two blocks from the ocean and a short ten-minute walk to 2nd Street’s premier dining, retail, and nightlife, 207 Mira Mar Ave offers investors a rare opportunity to acquire a well-maintained, character-rich five-unit multifamily property in one of Long Beach’s most desirable coastal submarkets. All five units are fully or partially remodeled one bedroom / one bathroom. The building is equipped with 2 garages + 2 uncovered spaces in front of the garages. There is also an additional storage unit onsite which can be rented for extra revenue. A new investor can explore converting garages into ADUs. The asset has undergone major upgrades reducing near-term maintenance including new electrical panels, recoating of the roof, and new decks and railings. For more information, please reach out to the listing agents.