Listings

229 Granada Ave, Long Beach, California 90803
Escrow: $3,000,000

Units: 5

CAP: 3.79

  • Rare 2020 Construction Located in Belmont Shore: Centrally located to Second Street Shopping, Marina Vista Park, Naples, & The Colorado Lagoon
  • True Pride of Ownership Legacy Asset: One-Of-A-Kind Property Located on Two-Way Granada Avenue
  • Great Unit Mix of Studio Loft Style Units and Two Bedroom Units: Separately Metered for Gas and Electricity
  • Complete Renovation Done to Current Standards: Mini-Split A/C, Modern Finishes, Vinyl Flooring, New Kitchens, & New Bathrooms
  • Amenities That All Tenants Value: Synergized Outdoor Space, Washers and Dryers in Each Unit, Brand New Appliances, and Two Private Parking Garages

Lead Agent : Kevin J. King

Phone Number : 562 257 1246

Email Address : kevin.king@marcusmillichap.com

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The King Group is pleased to present a 5-unit multifamily property located at 233 Mira Mar Avenue located in Long Beach, CA. Built in 2020, the subject property consists of 3,939 rentable square feet spread throughout a 2,625 square foot lot. The building consists of one studio unit, three 2-story studio loft units, and one 2-bedroom / 1-bathroom unit. It contains two garages and four private balconies for tenants.

The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, mechanized Garages, vinyl floors, mini-split A/C, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural elements.

Tenants enjoy living between Downtown Long Beach and Belmont Shore, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

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