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Mira Monte, CA High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Mira Monte, California Market population: 7K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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10 properties found
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⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Average Cap Rate For Mira Monte CA Properties: 6.68%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Mira Monte CA

Common questions from investors exploring commercial real estate in Mira Monte CA.

What's the overall investment outlook for Mira Monte, CA? +
Mira Monte presents a stable investment market, with a median household income of $73,079 and a relatively low poverty rate of 13.1%, indicating a strong potential for rental income stability, especially considering the high health insurance coverage rate of 92.8% and the diverse economy driven by top industries like Information and Professional Services.
How does the local economy impact real estate investment in Mira Monte? +
The local economy, driven by industries such as Information, Professional Services, and Public Administration, supports a median household income of $73,079, which, combined with a low poverty rate of 13.1% and high employment rate, suggests a robust market for real estate investors, further strengthened by the area's ethnic diversity, including White, White Non-Hispanic, and Hispanic populations.
What are the key factors influencing property values in Mira Monte? +
Property values in Mira Monte, with a median of $444,700, are influenced by factors such as the high homeownership rate of 79.3%, the relatively low poverty rate of 13.1%, and the strong median household income of $73,079, which together indicate a stable and potentially appreciating housing market, especially considering the area's favorable commute times and high health insurance coverage.
How does the commute and quality of life impact tenant stability in Mira Monte? +
The average commute time of 28.5 minutes, coupled with a high rate of health insurance coverage at 92.8%, suggests that tenants in Mira Monte enjoy a good quality of life, which can contribute to tenant stability and lower turnover rates for investors, further supported by the diverse and stable economy driven by top industries and a significant portion of the population working in professional services.
What role does ethnic diversity and income inequality play in the Mira Monte real estate market? +
Mira Monte's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant community, while the income inequality, measured by a GINI coefficient of 0.428, and the foreign-born rate of 14.5%, indicate a complex socioeconomic landscape that investors should consider when evaluating market demand and potential for property appreciation, especially in relation to the area's median property value of $444,700 and median property taxes of $2,295.

Mira Monte CA Real Estate & City Facts

Key facts and real estate information about Mira Monte CA.

What are some of the best neighborhoods to live in Mira Monte? +
Some of the best neighborhoods to live in Mira Monte include Pinehurst, which is known for its beautiful and peaceful surroundings, and Mira Monte, which offers a mix of tract homes and horse properties. Other neighborhoods like Meiners Oaks are also popular for their charm and character.
What are some fun things to do in Mira Monte? +
There are plenty of fun things to do in Mira Monte, including hiking and exploring the beautiful outdoors at places like Big Stump Basin and Grant Grove. You can also visit the Ojai Meadows Preserve or take a short hike on the Shelf Road Trail. For a more relaxing experience, you can explore the downtown arcade and shops, or visit the Kings River Conservancy.
What is the food scene like in Mira Monte? +
The food scene in Mira Monte is vibrant and diverse, with a range of restaurants serving locally sourced foods. Some popular spots include Pinehurst Lodge Bar and Grill, Genas Sierra Inn and Restaurant, and Bear Mountain Pizza. You can also find great food at Boccali's, which serves up delicious pasta, pizza, and strawberry shortcake in a lovely outdoor setting. There are also plenty of great food trucks and cafes to explore.
What are the pros and cons of living in Mira Monte? +
The pros of living in Mira Monte include its beautiful natural surroundings, charming neighborhoods, and vibrant food scene. However, some cons include the potential for high costs of living, traffic, and crowds during peak tourist season. Additionally, some areas of Mira Monte may be prone to natural disasters like wildfires or floods. Overall, Mira Monte is a great place to live for those who value a relaxed, small-town atmosphere and are willing to invest in their community.
Is Mira Monte a good place to live? +
Mira Monte is a great place to live for those who value a relaxed, small-town atmosphere and are looking for a strong sense of community. With its beautiful natural surroundings, charming neighborhoods, and vibrant food scene, Mira Monte has something to offer for everyone. However, it's worth considering the potential downsides, such as high costs of living and traffic, before making a decision. Overall, Mira Monte is a wonderful place to call home for those who are looking for a peaceful and scenic retreat from the hustle and bustle of city life.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Avg Property Tax Rate For Mira Monte CA Properties: 1.0300%

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⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
⭐ Featured

Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF

📊 Average Income For Mira Monte CA Commercial Property: $73,079

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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime 15-Unit Multifamily Investment in Heart of San Francisco

$4,895,000
San Francisco Multifamily

Discover a prime multifamily investment in the heart of San Francisco's vibrant 94103 zip code. This 15-unit mid-rise pr...

Cap Rate %
NOI $0
Size 8,225 SF
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7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate

$2,100,000
Long Beach Multifamily

Discover a compelling value-add opportunity in the heart of Long Beach, California. This 7-unit multifamily property, lo...

Cap Rate 7.00%
NOI $144,960
Size 6,074 SF
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Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate

$12,750,000
Arcata Multifamily

Presenting a compelling value-add investment in the vibrant city of Arcata, California. This 126-unit garden-style apart...

Cap Rate 8.67%
NOI $99,999
Size 87,484 SF
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