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211 Mira Mar Ave, Long Beach, CA 90803
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211 Mira Mar Ave Long Beach, CA 90803

$2,800,000 Sold Price as of 10/08/2020
  • 4 Beds
  • 6 Baths
  • 4,194 Sq.Ft.
Sold
$2,800,000 Sold Price as of 10/08/2020 Refinance Your Mortgage
Map preview of 211 Mira Mar Ave, Long Beach, CA 90803

Property Overview: 211 Mira Mar Ave Long Beach, CA has 4 bedrooms, 6 bathrooms, 4,194 living square feet and 5,852 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located within the highly desirable neighborhood of Belmont Heights! With incredible design and architecture, this 1922 Classic is a true Pride of Ownership building! Located on a beautiful treelined street and surrounded by Palm trees. This incredible asset is the epitome of everything that’s great about Southern California! Along with the incredible curb appeal, every individual unit has an open modern feel, impressive high ceilings, and an abundance of natural light. Comprised of four large (874Sf) 1 bedroom x 1 bathroom units & two (350Sf) studios. The entire building has recently been significantly upgraded to “like new” condition. Upgrades include; All new kitchens, bathrooms, AC units and heat, new dual pane windows, light and window fixtures, interior and exterior paint and much much more! Despite the impressive modern amenities the architect/designer was able to retain a lot of the “classic feel” of the 1920’s by retaining and refinishing the original hardwood flooring and built in cabinetry. The buildings infrastructure has also been upgraded with all new copper plumbing throughout, all new electrical, upgraded foundation and new sewer line. “The location” Just a short stroll to the Beach and “2nd street”, which houses most of Long Beaches best fashion stores, restaurants, bars and coffee shops.

Listed by Cameron Jacques | BRE #01852032 | Kinnery's Brokerage House
Last checked: 13 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 49

Home details

Lot Sq. Ft
5,852
HOA Dues
$0/mo
Year built
1922
Garage
5 Car
Property Type:
Apartment
Status
Sold
MLS#
PW20106264
City
Long Beach
County
Los Angeles
Time on Site
1408 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $5,100
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.02%
  • Gross Rent Multiplier: 16.58
  • Gross Scheduled Income: $177,840
  • Net Operating Income: $118,562
  • Gross Operating Income: $174,283
  • Vacancy Allowance: $3,557
  • # of Rented Garages: 5
  • Garage Rental Income: $700
Annual Expense Breakdown
  • Total Operating Expense: $55,721
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 211 Mira Mar Ave

Interior Features
Cooling Information
  • Has Cooling
  • Dual
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • In Closet
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Interior Features
  • Copper Plumbing Full, Granite Counters, High Ceilings, Open Floorplan, Storage, Unfurnished
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Barbecue Private
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Front Yard, Garden, Lawn, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 7256008019
  • Year Built Source: Assessor
  • Architectural Style: Mediterranean
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
  • Accessibility Features: Parking
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: Major cross streets: Ocean Blvd and Grand.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Park, Watersports, Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 211 Mira Mar Ave

Last sold for $2,800,000 on October 8th, 2020

  • October, 2020

  • Oct 9, 2020

    Date

    Sold

    CRMLS: PW20106264

    $2,800,000

    Price

  • Jul 23, 2020

    Date

    Active Under Contract

    CRMLS: PW20106264

    $2,950,000

    Price

  • Jul 10, 2020

    Date

    Price Change

    CRMLS: PW20106264

    $2,950,000

    Price

  • Jun 3, 2020

    Date

    Active

    CRMLS: PW20106264

    $3,000,000

    Price

  • October, 2020

  • Oct 7, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

  • April, 2020

  • Apr 27, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2018

  • Dec 29, 2018

    Date

    Sold

    CRMLS: PW18195354

    $1,675,000

    Price

  • Nov 27, 2018

    Date

    Pending

    CRMLS: PW18195354

    $1,795,000

    Price

  • Nov 12, 2018

    Date

    Price Change

    CRMLS: PW18195354

    $1,795,000

    Price

  • Aug 24, 2018

    Date

    Withdrawn

    CRMLS: PW18195354

    $1,950,000

    Price

  • Aug 11, 2018

    Date

    Active

    CRMLS: PW18195354

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 211 Mira Mar. Located in the highly desirable neighborhood of Belmont heights, only a short distance to the Ocean, wonderful shopping, restaurants, parks & coffee shops. The subject property is comprised of four large (850Sf) 1 bedroom x 1 bathroom units & two (400Sf) studios. Current owners invested a great deal of time, effort and finances into the infrastructure of the two buildings, recently replacing electric panel, adding all new electrical throughout, new plumbing (80% copper) and sewer line. With incredible curb appeal, classic architecture, high ceilings, built cabinetry and hardwood flooring throughout, you will find assets of this caliber in high demand. Not to forget onsite laundry and 10 parking spaces, almost unheard of in the heavily impacted parking neighborhood. Great upside in rents, currently 20% below market (approximately) in it's current condition. Long Beach is a non rent controlled city currently reflecting a 98% occupancy.

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Tax History for 211 Mira Mar Ave

Assessed Value (2020): $1,708,750
Year Land Value Improved Value Assessed Value
2020 $1,224,000 $484,750 $1,708,750

Home Value Compared to the Market

This property vs the competition

211 Mira Mar Ave sold on October 8, 2020 for 268.75% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $703.39 per/sqft which puts the price per square foot 11.3% higher than the current median sale per square foot for the city of Long Beach.

About 211 Mira Mar Ave

Detailed summary of property

211 Mira Mar Ave is a apartment that recently sold in Long Beach, CA 90803. This apartment offered 4 bedrooms, 6 bathrooms, roughly 4,194 living square feet, and sits on an approximately 5,852 square foot lot. 211 Mira Mar Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $2,800,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 268.75% higher than the current median priced home. Local homes that are currently for sale include 830 Roswell Ave, 441 Dawson Ave and 536 Saint Louis Ave. While the average home in Long Beach, CA is selling in 51 days, 211 Mira Mar Ave has a days on market of 49 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 211 Mira Mar Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 211 Mira Mar Ave

Public county record property details
Beds
4
Baths
6
Year built
1922
Sq. Ft.
4,194
Lot Size
5,852
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
7256-008-019

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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