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Listed by William Joseph • Joseph Group
$1,975,000
Est. payment /mo
5,095 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB25074668
Style Spanish
Year Built 1928
Lot Size 5,095 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
386 Mira Mar Avenue presents a rare opportunity to acquire a trophy Spanish Revival fourplex, offering a strong cap rate of over 4% and a pro forma cap rate of 4.85% in the highly sought-after Belmont Heights neighborhood. This 4,764 SF property, situated on a 5,095 SF lot, features an attractive unit mix of three 2BD/1BA units and one 3BD/2BA unit each showcasing charm with hardwood flooring, tiled kitchens and bathrooms and in-unit laundry hookups. A sundeck at the rear of the property provides excellent outdoor space. Each unit is separately metered for gas and electricity, with tenants responsible for all utilities except water/sewer, trash, and gardening services. The property also offers ample parking, including (3) assigned garage spaces and (1) assigned carport spaces. This prime location has a walk score of 89 and grants convenient access to the vibrant 4th Street corridor, home to boutique retail, popular cafes, and established nightlife.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling None
Laundry Gas Hookup, 30
Exterior
Parking Features Assigned Spaces, Carport , Parking Deck, Other
Garage Spaces 5.0
Pool 31, None
View None
Roof Type 2,Tile
Building
Story Three or More Stories
Water District - Public
Architectural Style Spanish
Others
Tax ID 7255015004
Special Listing Condition Not Applicable
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