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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.
Property Type(s):
Residential Income
| Last Updated | 5/2/2025 | Tract | Belmont Heights (BH) |
|---|---|---|---|
| Year Built | 1928 | Community | Belmont Heights, Alamitos Heights |
| Garage Spaces | 3.0 | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Range, Refrigerator |
| AREA | Belmont Heights, Alamitos Heights |
| CONSTRUCTION | Stucco |
| GARAGE | Assigned, Carport, Deck, Driveway, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Crown Molding |
| LOT | 5095 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Assigned,Carport,Driveway,Deck |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Spanish |
| SUBDIVISION | Belmont Heights (BH) |
| UTILITIES | Sewer Available,Sewer Connected,Water Available,Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LBR1N |
Location
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Listed with Joseph Group
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