Property Detail

Description

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 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.