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209 Mira Mar Avenue is a four-unit Spanish-style income property located in the heart of Belmont Heights, one of Southern California's most desirable coastal rental markets. Situated just three blocks from the Pacific Ocean and within walking distance to Alamitos Bay Beach, Bluff Park, and the shops and dining along 2nd Street, the location consistently drives strong tenant demand and historically low vacancy. This is a market where units lease quickly and tenant profiles remain stable. The property consists of two 2-bedroom / 1.5-bath townhouse-style units and two 1-bedroom / 1-bath units totaling approximately 3,604 rentable square feet. All four units are currently occupied on month-to-month leases with rents averaging approximately 43% below market, presenting a clear and achievable path to increased income. Since 2020, ownership has completed a series of meaningful capital improvements totaling over $90,000, including a full roof replacement (2025), sewer line upgrades and crawl space re-piping, exterior repaint with wood repair (2023), a renovated Unit D bathroom (2025), new water heaters with updated plumbing components (2024-2025), and prior system upgrades including gas line replacement, flooring improvements, and seismic retrofit work. The result is a well-maintained asset with major systems addressed and minimal deferred maintenance. In addition to the residential units, the property features five on-site garages at the rear of the parcel, offering additional income potential and strong tenant appeal in a neighborhood where parking is at a premium. With clean infrastructure, below-market rents, and a highly walkable coastal location, 209 Mira Mar Avenue offers investors a rare opportunity to acquire a stabilized asset with immediate upside and long-term growth in one of Long Beach's most supply-constrained submarkets.
Property Type(s):
Residential Income
| Last Updated | 3/31/2026 | Year Built | 1937 |
|---|---|---|---|
| Community | 2 - Belmont Heights, Alamitos Heights | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 2 - Belmont Heights, Alamitos Heights |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 6499 sq ft |
| LOT DIMENSIONS | 6501 |
| PARKING | Garage |
| STORIES | Split/Multi Level |
| STYLE | Spanish |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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