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Belmont Heights Multifamily Investment Opportunity
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207 Mira Mar Avenue, Long Beach, CA 90803

Five-unit multifamily property near the ocean and 2nd Street.

Property SizeContact for details
Days on Market303

Property Features for 207 Mira Mar Avenue

General Information

Standard status Active
Property subtype Multifamily
Zoning Assessor

Building Details

Buildings 1
Units 5
Listing Agency: Vista Sothebyâ€TMs International Realty
Listed By: Gerard Bisignano · License #01116110
Source: Crexi
Added: Oct 15, 2025 Changed: Aug 8 Last Checked: Aug 8 at 6:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vista Sothebyâ€TMs International Realty

Investment Insights

Based on property information with market context.

Located in Belmont Heights, the property at 207 Mira Mar Ave is a five-unit multifamily property. It is situated two blocks from the ocean and a ten-minute walk to 2nd Street's dining, retail, and nightlife. All five units are remodeled one-bedroom, one-bathroom apartments. The property includes two garages and two uncovered parking spaces in front of the garages. An additional storage unit is located onsite. The property has undergone upgrades, including new electrical panels, roof recoating, and new decks and railings. Letters of 8% rent increase starting March 1 have been delivered to tenants.

Key Highlights

  • Prime Belmont Heights location, just two blocks from the ocean and a short walk to 2nd Street's amenities.
  • Well‑maintained five‑unit multifamily property with character.
  • All five units are fully or partially remodeled one bedroom / one bathroom.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Dental Office Pharmacy Grocery & Convenience Store HVAC Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,235
Businesses Nearby

Demographics for 90803, CA

32,192
Population
18,516
Households
1.7
Avg Household Size
46
Median Age
61%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
7,852
Density / Sq Mi
$111,500
Median Household Income
$73,944
Median Earnings
$2,073
Median Rent
$1,138,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit multifamily property near the ocean and 2nd Street.
Where is this apartment building located?
The property is located at 207 Mira Mar Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Prime Belmont Heights location, just two blocks from the ocean and a short walk to 2nd Street's amenities.; Well‑maintained five‑unit multifamily property with character.; All five units are fully or partially remodeled one bedroom / one bathroom.
(310) 541-8271 Call to check price and availability
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