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207 Mira Mar Avenue, Long Beach, California 90803, Long Beach, 90803 - bed, bath

207 Mira Mar Avenue, Long Beach, California 90803 home-pic-0
ACTIVE$2,150,000
207 Mira Mar Avenue, Long Beach, California 90803
0Bed
0Bath
3,592Sqft
3,780Lot
Year Built
1922
Close
-
List price
$2.15M
Original List price
$2.25M
Price/Sqft
$599
HOA
-
Days on market
-
Sold On
-
MLS number
SB25148798
Home ConditionGood
Features
Excellent View:
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.15M(50th), sqft - 3592(50th), beds - undefined(50th), baths - undefined(50th).

We are pleased to present 207 Mira Mar Avenue, Long Beach. This pride-of-ownership asset consists of five 1-bedroom/1-bathroom units only two blocks from the beach in the highly desirable Belmont Shore neighborhood. All five units are fully or partially remodeled, generating over $10,000 in monthly gross income. The property features significant capital improvements, including copper plumbing, a new electrical panel, new decks and railings, an updated roof with silicone coating, and newly installed gates and bike racks. Additionally, two single-car garages (400 sq ft) and a storeroom with plumbing (140 sq ft) on the lower-level present tremendous potential for ADU conversion (buyer to verify). Located in a high-demand rental market driven by proximity to the beach, recreational amenities, and Long Beach’s thriving economy, this exceptional property combines stable cash flow with future growth potential, making it an ideal addition to any investment portfolio.

Nearby schools

7/10
Mann Elementary School
Public,•K-5•0.4mi
9/10
Fremont Elementary School
Public,•K-5•0.6mi
9/10
Lowell Elementary School
Public,•K-5•0.9mi
6/10
Burbank Elementary School
Public,•K-5•1.2mi
5/10
Willard Elementary School
Public,•K-5•1.3mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.9mi
7/10
Rogers Middle School
Public,•6-8•1.0mi
6/10
Franklin Classical Middle School
Public,•6-8•1.9mi
6/10
Wilson High School
Public,•9-12•1.2mi
6/10
Polytechnic High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
08/28/25
Price Change
$2,150,000
07/02/25
Listing
$2,250,000
01/18/13
Sold
$810,000
Condition Rating
Good
Despite being built in 1922, the property has undergone significant capital improvements including copper plumbing, a new electrical panel, and an updated roof. The description states 'All five units are fully or partially remodeled.' The images confirm modern, updated kitchens with shaker-style cabinets, stainless steel appliances, quartz/light countertops, and subway tile backsplashes. Bathrooms also feature modern vanities and subway tile. Hardwood floors are present in living areas and bedrooms. These updates suggest extensive renovations within the last 5-15 years, making the property move-in ready with well-maintained systems and minimal wear and tear, aligning with a 'Good' condition score.
Pros & Cons

Pros

Prime Coastal Location: Situated just two blocks from the beach in the highly desirable Belmont Shore neighborhood, this property benefits from a high-demand rental market driven by proximity to recreational amenities and Long Beach’s thriving economy.
Strong Income Generation: Comprising five 1-bedroom/1-bathroom units, the property currently generates over $10,000 in monthly gross income, offering stable cash flow for investors.
Extensive Capital Improvements: Significant upgrades including copper plumbing, a new electrical panel, updated roof with silicone coating, new decks/railings, and newly installed gates/bike racks reduce immediate capital expenditure for a new owner.
ADU Conversion Potential: The presence of two single-car garages (400 sq ft) and a storeroom with plumbing (140 sq ft) offers tremendous potential for Accessory Dwelling Unit (ADU) conversion, providing future income growth and value appreciation.
Remodeled Units: All five units have been fully or partially remodeled, enhancing tenant appeal, justifying current rental rates, and minimizing immediate renovation needs for the interiors.

Cons

Age of Property: Built in 1922, despite recent capital improvements, an older building may still present unforeseen maintenance challenges or require more frequent upkeep compared to newer construction.
Limited Unit Mix: The property consists solely of 1-bedroom units, which might limit the potential tenant pool compared to properties offering a more diverse mix of unit sizes (e.g., 2-bedroom units), potentially impacting long-term demand or rent growth.
ADU Conversion Contingency: While ADU potential exists, the 'buyer to verify' clause indicates that the conversion is not guaranteed and requires additional investment, time, and due diligence from the buyer, adding a layer of uncertainty and cost.

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