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685 Mira Mar Ave, Long Beach, CA 90814
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685 Mira Mar Ave Long Beach, CA 90814

$995,900 Sold Price as of 09/11/2020
  • 6 Beds
  • 4 Baths
  • 2,624 Sq.Ft.
Sold
$995,900 Sold Price as of 09/11/2020 Refinance Your Mortgage
Map preview of 685 Mira Mar Ave, Long Beach, CA 90814

Property Overview: 685 Mira Mar Ave Long Beach, CA has 6 bedrooms, 4 bathrooms, 2,624 living square feet and 3,291 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BEST VALUE Multifamily property in BELMONT HEIGHTS! This is an excellent opportunity to own a Large duplex in this highly desired area. Each unit is a remodeled three bedroom, two baths, that comes with laundry hookups in each unit. There are also three single car garages with easy access along with driveway parking. The duplex was built in 1974, all stucco exterior, with one unit on the first floor and the other unit on the second floor. Market rent is $6,000 which is an 18% upside in rents. This property has had almost zero vacancies for the past 3+ years and is a very easy property to maintain and manage.

Listed by Tyler Rogina | BRE #01925584 | Coldwell Banker Coastal Alliance
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
3,291
HOA Dues
$0/mo
Year built
1974
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20110901
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $28,800
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $38,400
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $56,389
  • Gross Operating Income: --
  • Vacancy Allowance: $3
  • # of Rented Garages: 3
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $15,611
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,437
  • Trash: $444
  • Insurance: $2,250
  • Water/Sewer: $480

Virtual Tour

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Property Details for 685 Mira Mar Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Radiant
Laundry Information
  • Has Laundry
  • Dryer Included, In Closet, Inside, Washer Included
Room Information
  • Flooring: Carpet, Tile
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Back Yard, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7254026007
  • Year Built Source: Public Records
  • Property is not Attached
  • Offered With Property: All appliances including washers and dryers
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: Major cross streets are 7th St. and Mira Mar
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 685 Mira Mar Ave

Last sold for $996,000 on September 11th, 2020

  • September, 2020

  • Sep 11, 2020

    Date

    Sold

    CRMLS: PW20110901

    $995,900

    Price

  • Jul 6, 2020

    Date

    Pending

    CRMLS: PW20110901

    $995,900

    Price

  • Jun 10, 2020

    Date

    Active

    CRMLS: PW20110901

    $995,900

    Price

  • September, 2020

  • Sep 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $996,000

    Price

  • June, 2020

  • Jun 2, 2020

    Date

    Canceled

    CRMLS: PW19242444

    $1,075,000

    Price

  • May 7, 2020

    Date

    Price Change

    CRMLS: PW19242444

    $1,075,000

    Price

  • Apr 28, 2020

    Date

    Active

    CRMLS: PW19242444

    $1,079,000

    Price

  • Mar 26, 2020

    Date

    Hold

    CRMLS: PW19242444

    $1,079,000

    Price

  • Mar 26, 2020

    Date

    Active

    CRMLS: PW19242444

    $1,079,000

    Price

  • Mar 25, 2020

    Date

    Hold

    CRMLS: PW19242444

    $1,079,000

    Price

  • Feb 21, 2020

    Date

    Price Change

    CRMLS: PW19242444

    $1,079,000

    Price

  • Dec 9, 2019

    Date

    Price Change

    CRMLS: PW19242444

    $1,095,000

    Price

  • Oct 14, 2019

    Date

    Active

    CRMLS: PW19242444

    $1,125,000

    Price

  • Listing provided courtesy of CRMLS

    BEST VALUE Multifamily property in BELMONT HEIGHTS! This is an excellent opportunity to own a Large duplex in this highly desired area. Each unit is a remodeled three bedroom, two baths, that comes with laundry hookups in each unit. There are also three single car garages with easy access along with driveway parking. The duplex was built in 1974, all stucco exterior, with one unit on the first floor and the other unit on the second floor. Gross rents are $5,100 and ProForma rents are $5,800, which is a 14% upside in rents. This property has had almost zero vacancies for the past 3+ years and is a very easy property to maintain and manage.

  • January, 2016

  • Jan 4, 2016

    Date

    Sold (Public Records)

    Public Records

    $808,000

    Price

Show More

Tax History for 685 Mira Mar Ave

Assessed Value (2020): $874,603
Year Land Value Improved Value Assessed Value
2020 $611,573 $263,030 $874,603

Home Value Compared to the Market

This property vs the competition

685 Mira Mar Ave sold on September 11, 2020 for 21.6% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $379.54 per/sqft which puts the price per square foot 39.56% lower than the current median sale per square foot for the city of Long Beach.

About 685 Mira Mar Ave

Detailed summary of property

685 Mira Mar Ave is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,624 living square feet, and sits on an approximately 3,291 square foot lot. 685 Mira Mar Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $995,900. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 21.6% higher than the current median priced home. Local homes that are currently for sale include 1039 E 10th St, 1348 E Wesley Dr and 1125 E 17th St. While the average home in Long Beach, CA is selling in 62 days, 685 Mira Mar Ave has a days on market of 26 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 685 Mira Mar Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 685 Mira Mar Ave

Public county record property details
Beds
6
Baths
4
Year built
1974
Sq. Ft.
2,624
Lot Size
3,290
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,6
APN
7254-026-007

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$642
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$596
Total Inventory
45
Median Sale to List Price %
106.54%
Avg Days on Market
31
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

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Recently Sold Homes Near 685 Mira Mar Ave

673-675 Mira Mar Ave, Long Beach, CA 90814
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628 Mira Mar Ave, Long Beach, CA 90814
$1,120,000 Last Sold Price
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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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