386 Mira Mar Ave Long Beach, CA 90814
Active
$2,395,000
11%
4 Units
9 Beds
5 Baths
4,764 Area(sq.ft.)
5,095 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,000 | $ 24,000 | $ 31,200 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,100 | $ 25,200 | $ 31,200 |
| Unit 3 | 1 | 3 | 2 | No | $ 3,695 | $ 44,340 | $ 44,340 |
| Unit 4 | 1 | 2 | 1 | No | $ 1,950 | $ 23,400 | $ 31,200 |
| 4 | 4 | 9 | 5 | $ 9,745 | $ 116,940 | $ 137,940 |
| MLS #: | 24-402469 |
| Days On Market: | 144 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 503 |
| Price per unit: | $ 598,750 |
| Year Built: | 1928 |
Property Details
Discover the timeless elegance of this meticulously preserved 1928 Spanish Fourplex. This property seamlessly blends modern conveniences with historic charm, maintaining the architectural integrity and beauty of its era. Extensive renovations have faithfully replicated the original features, ensuring an authentic Spanish experience.Each of the four units offers unique character and comfort. With a mix of 3 two-bedroom, one-bath units and 1 three-bedroom, two-bath unit, the Fourplex features hardwood floors, tiled kitchens and baths, and original Art Deco lighting fixtures. Additional amenities include vintage stoves, updated dishwashers and refrigerators, and new hot water tanks. The original windows and vintage laundry room floors add to the period charm.The property also boasts a covered roof patio over three garages, perfect for relaxation and entertainment. Long-term tenants highlight the desirability and uniqueness of this historic gem.Embrace a rare opportunity to own a piece of history where the past and present harmoniously coexist. This Fourplex is a true testament to Spanish architectural beauty and modern functionality.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 137,940 |
| Total Annual Expense: | $ 40,935 |
| Net Operating Income: | $ 97,005 |
| Gross Annual Income: | $ 137,940 |
| Cap Rate: | 4% |
| Gross Rent Multiplier: | 17.36 |
| Actual Gross Rent: | $ 137,940 |
| Actual Gross Income: | $ 137,940 |
| Actual Rent Total: | $ 137,940 |
Structure
| Type of Units: | Apartment |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | None |
| Style: | Spanish |
| Sewer: | In Street |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LBR1N |
| Parking Garage: | Garage - 3 Car |
Interior
| Cooking Appliances: | Gas/Electric Range, Oven |
| AC/Cooling: | None |
| Equipment: | Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Washer, Dryer |
| Heating: | Central |
| Fireplace Rooms: | Gas |
| Laundry: | In Unit |
| Patio Features: | Covered |
Exterior
| Exterior Construction: | Stucco |
| Roof: | Spanish Tile |
Detailed Map
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