648 Mira Mar, Long Beach, California 90814, Long Beach, 90814 - 0 bed, 0 bath
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648 Mira Mar
Long Beach, California 90814
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,902Sq Ft
6,027Lot Size
Property Price
LIST PRICE$1,200,000
EST. MARKET VALUE
$1,300,916
7% BelowMARKET VALUE
SUMMARY
This Turnkey Multifamily Asset is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,300,916 Fair Market Value by 7%. This valuation gap offers $100,916 in Instant Equity for the buyer. Featuring a Turnkey Condition Rating with modern finishes and a 2-bedroom, 2-bathroom configuration, the property provides immediate rental appeal in the coastal Belmont Heights neighborhood. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, low-maintenance income property in a prime location.
Estimated Market Value
$1,300,916+$100,916 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 648 Mira Mar Subject | $1,200,000* List Price | 0 | 0 | 1,902 | $684 | - |
A 624 Temple Avenue Sold | $1,385,000 | 0 | 0 | 1,956 | $708 | 0.7 mi |
B 624 Temple Avenue Sold | $1,385,000 | 3 | 3 | 1,956 | $708 | 0.7 mi |
C 650 Roycroft Sold | $1,475,075 | 0 | 0 | 1,924 | $767 | 0.5 mi |
D 650 Roycroft Sold | $1,475,075 | 5 | 3 | 1,924 | $767 | 0.5 mi |
E 672 Junipero Sold | $1,220,000 | 0 | 0 | 2,284 | $534 | 0.9 mi |
F 367 Loma Sold | $1,310,000 | 0 | 0 | 2,192 | $598 | 0.4 mi |
G 361 Gladys Sold | $1,345,000 | 0 | 0 | 2,582 | $521 | 0.7 mi |
H 3728 E Colorado Active | $1,024,800 List Price | 0 | 0 | 1,300 | $788 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a complete permitted remodel with modern finishes including new shaker cabinets, quartz countertops, recessed lighting, and new flooring. Despite the 1923 build date, the interior and exterior show a high-quality renovation within the last 5 years, making it a turnkey asset.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Remodeled Condition
The property features permitted, modern improvements and high-end finishes throughout both units, providing a move-in-ready opportunity that eliminates the need for immediate capital expenditures.
- Prime Coastal Location
Situated in the highly desirable Belmont Heights neighborhood, the duplex offers exceptional walkability to the beach and the popular dining and boutique shopping corridor of 2nd Street.
- Optimal Unit Configuration
Unlike many area duplexes with smaller layouts, this property offers two spacious 2-bedroom, 2-bathroom units and includes a two-car garage, significantly increasing its rental appeal and market value.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Originally constructed in 1923, the property may have underlying structural or utility components that, despite recent remodels, require more frequent maintenance than newer builds.
- Investment Yield Sensitivity
At a $1.2 million price point, achieving a competitive capitalization rate will depend on securing top-tier market rents, which may be sensitive to shifts in the local economic climate.
About 648 Mira Mar
Beautifully Remodeled Duplex in Desirable Belmont Heights! Located in one of Long Beach’s most sought-after coastal areas, this beautifully remodeled duplex offers an exceptional opportunity for investors or owner-users. The property features two spacious 2-bedroom, 2-bathroom units, a two-car garage, and new landscaping that enhances the property’s curb appeal. Completely remodeled with permitted improvements, the property combines modern finishes with the charm of its established neighborhood. Enjoy the convenience of being just minutes from the beach, Belmont Shore, and vibrant 2nd Street, known for its popular restaurants, boutique shopping, and relaxed coastal lifestyle. A rare opportunity to own a turnkey multifamily property in a highly desirable Long Beach location.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1923
- Lot Size
- 6,027 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 1,902 | 2,300.724 |
| Lot Size | 6,027 | 5,277.379 |
| Price | $1.20M | $1.24M |
| Price per sq ft | $631 | $513 |
| Built year | 1923 | 1949 |
| HOA | $0 | $0 |
| Days on market | 8 | 74 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,200,000
Initial Listing
Sold
Jul 21, 2000
$310,000
Public Record
Sold
Jul 23, 1998
$270,000
Public Record
Sold
Nov 18, 1997
$198,500
Public Record
Sold
Dec 29, 1995
$133,000
Public Record