817 Mira Mar, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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817 Mira Mar
Long Beach, California 90804
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,320Sq Ft
5,881Lot Size
Property Price
LIST PRICE$1,649,000
EST. MARKET VALUE
$1,566,158
5% AboveMARKET VALUE
SUMMARY
This 4-unit Residential Income property is a High-Potential Investment Opportunity, listed at $1,649,000—positioned well above the $1,566,159 Fair Market Value. While currently priced above the estimated market value, the property offers significant upside through its Condition Rating of 3, featuring two fully renovated units and two long-term rentals. With 7 parking spaces, in-unit laundry, and a private 600+ SF sun deck, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage FHA/conventional financing to offset mortgage costs.
Estimated Market Value
$1,566,158
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 |
|---|---|---|---|---|---|---|
★ 817 Mira Mar Subject | $1,649,000* List Price | 0 | 0 | 3,320 | $472 | - |
A 813 Coronado Ave Sold | $1,925,000 | 0 | 0 | 3,613 | $533 | 0.4 mi |
B 1117 Mira Mar Avenue Sold | $1,300,000 | 0 | 0 | 2,901 | $448 | 0.3 mi |
C 1123 Ohio Sold | $1,420,000 | 0 | 0 | 3,720 | $382 | 0.8 mi |
D 1344 Ximeno Sold | $1,400,000 | 0 | 0 | 2,812 | $498 | 0.5 mi |
E 906 Termino Pending | $1,425,000 List Price | 0 | 0 | 3,686 | $387 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1961, the property is well-maintained with 50% of the units (2 out of 4) having undergone recent full renovations (<5y) featuring modern shaker cabinets, stone countertops, and stainless steel appliances. The exterior is clean, and the presence of individual water heaters and separate meters indicates functional, updated systems, though the remaining two units likely require future updates.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Renovation & Value-Add
Two units are fully renovated with modern kitchens, baths, and in-unit laundry, providing immediate premium rental income while the remaining two units offer significant future upside potential.
- Exceptional Parking & Utilities
The property features a rare 7-space parking capacity for a quadruplex and is efficiently metered with separate gas, electric, and individual water heaters, significantly reducing owner utility obligations.
- Prime Location & Financing Versatility
Located in the sought-after Greenbelt Heights pocket near Belmont Heights, this 4-unit property qualifies for FHA/Conventional financing, making it an ideal opportunity for an owner-user to offset their mortgage.
CONSRISKS & DEFICIENCIES
- Below-Market Rent Gap
Two units are occupied by long-term residents, which likely results in a gap between current and market-rate rents, requiring a long-term strategy to realize the property's full income potential.
- Vintage Infrastructure Maintenance
Built in 1961, the property may require ongoing capital expenditures for the non-renovated units and aging structural systems typical of buildings from this era.
About 817 Mira Mar
Well-located 4-unit income property in the Greenbelt Heights pocket of Long Beach's Recreation Park neighborhood, just north of Belmont Heights. All four units are large 2-bed/1-bath floor plans with in-unit laundry, an individual water heater, and separate gas and electric meters. Two units are fully renovated with new kitchens, baths, flooring, appliances, and laundry hookups; the other two are occupied by long-term residents. Unit D includes a private, 600+ SF fenced sun deck. Seven total parking spaces: 3 single-car garages with tandem driveway parking, plus 1 open space. Currently producing $115,260 in annual rent. Ideal owner-user play – live in one unit and let the other three help cover the mortgage (FHA/conventional financing may apply on 4 units or fewer – verify with lender). Minutes to Recreation Park, Colorado Lagoon, Marine Stadium, Belmont Shore's 2nd Street, CSULB, and Wilson High School. Buyer to verify all information.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1961
- Lot Size
- 5,881 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Fremont Elementary School
Grades K-5 • 0.4 mi
9/10
Bryant Elementary School
Grades K-5 • 0.4 mi
6/10
Willard Elementary School
Grades K-5 • 0.5 mi
5/10
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 | 3,320 | 2,300.724 |
| Lot Size | 5,881 | 5,277.379 |
| Price | $1.65M | $1.24M |
| Price per sq ft | $497 | $513 |
| Built year | 1961 | 1949 |
| HOA | $0 | $0 |
| Days on market | 6 | 74 |
Pricing History
Listed for Sale
Sep 3, 2026
$1,649,000
Initial Listing
Sold
May 26, 2021
$1,450,000
Public Record
Sold
Jun 20, 2006
$925,000
Public Record