Fantastic opportunity; Six unit multifamily building located in the highly sought after neighborhood of Belmont heights.
We are pleased to present 211 Mira Mar. Located in the highly desirable neighborhood of Belmont heights, only a short distance to the Ocean, wonderful shopping, restaurants, parks & coffee shops. The subject property is comprised of four large (850Sf) 1 bedroom x 1 bathroom units & two (400Sf) studios. Current owners invested a great deal of time, effort and finances into the infrastructure of the two buildings, recently replacing electric panel, adding all new electrical throughout, new plumbing (80% copper) and sewer line. With incredible curb appeal, classic architecture, high ceilings, built cabinetry and hardwood flooring throughout, you will find assets of this caliber in high demand. Not to forget onsite laundry and 10 parking spaces, almost unheard of in the heavily impacted parking neighborhood. Great upside in rents, currently 20% below market (approximately) in it’s current condition. Long Beach is a non rent controlled city currently reflecting a 98% occupancy.