790 Mira Mar Avenue
Long Beach, CA 90802
Originally built in 1948, the property is located in the Alamitos Beach area just steps from the ocean, a short walk to the Downtown area, and minutes from Belmont Shore, the subject property has a total of 17 units with a mix of 5 studios, and 12 One Bed + One Bath units. It also has 6 covered parking spots (3 double garages) along with a secured entry and on-site laundry.
Purchased as a value-add opportunity, Cochise Capital repositioned the property and increased the rents by greater than 40%.