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$1,690,000
Est. payment /mo
5,880 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB25149509
HOA Y/N No
Year Built 1961
Lot Size 5,880 Sqft
Property Sub-Type Quadruplex
Property Description
We are pleased to present 817 Mira Mar Avenue, an improved four-unit property located in the Greenbelt Heights pocket of Long Beach's Recreation Park neighborhood, just north of Belmont Heights. This quiet, residential location offers tenants direct access to Recreation Park's 210 acres of open space, two golf courses, tennis courts, and the city's largest dog park. The property is minutes from Colorado Lagoon, Marine Stadium, and the shops and restaurants of 2nd Street in Belmont Shore. Nearby schools include Jefferson Leadership Academy, Wilson High School, and Cal State Long Beach— making the area popular with students, families, and working professionals. The building features four large 2-bed/1-bath units, each with in-unit laundry, individual water heaters, and separate gas and electric meters. Two units have been extensively renovated with new kitchens, bathrooms, flooring, appliances, and laundry hookups — over $55,000 in recent capital improvements. Unit D includes a private, 600+ SF fenced sun deck, and the property offers a total of seven parking spaces (three single-car garages with tandem driveway parking, plus one open space). By following the seller's value-add model and updating the two remaining units, a new owner can maximize rental income while minimizing long-term maintenance. 817 Mira Mar offers a rare mix of location, income, and upside in a supply-constrained Long Beach submarket. With two renovated units, solid bones, and an efficient layout, the property is well-positioned for strong cash flow and long-term growth. It's also an ideal option for an owner-user—someone who wants to live in one unit while the rental income from the other three helps cover the mortgage. Investors seeking a low-maintenance, coastal fourplex with value-add potential will find this to be a compelling opportunity.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3S
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description Cul-De-Sac
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7254016003
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Christopher Van Vuuren Lyon Stahl Investment Real Estate, Inc. 714-655-0098
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