1334 Mira Mar

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1334 Mira Mar

Long Beach, CA 90804
Asking Price
$1.30M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Long Beach, California.
  • Property contains two distinct residential units for investment.
  • Asking price for the asset is set at $1,299,900.
  • Positioned in a dense residential neighborhood within Los Angeles County.
  • Asset type suitable for small-scale residential investment portfolios.

What's Special

Long Beach continues to serve as a vital coastal hub within the Los Angeles metropolitan area, supporting a diverse population and a robust rental market. Situated at 1334 Mira Mar, this multifamily apartment building provides a strategic entry into this established residential submarket. With its proximity to regional transit corridors and the economic base of the harbor region, the property attracts consistent demand from local professionals and commuters alike. This asset consists of two residential units, offering a straightforward acquisition for investors focused on small-scale residential portfolios. The configuration is well-suited for stable, long-term occupancy or potential value-add repositioning strategies. Owners benefit from the density and infrastructure inherent to this part of Southern California, where high demand for housing remains a persistent market trend.

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NOI
$80,000
Cap Rate
6.15%
DSCR
1.04
Tight
Cash-on-Cash
0.72%
Monthly Payment
$6,431.196
Annual Cash Flow
$2,825.649

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