1123 Ohio Ave - Multi-Family FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,490,000 USD
310-982-7055
1123 Ohio Ave, Long Beach, CA for Sale
$1,490,000 USD
Multi-Family - FOR SALE
1/19
null | 5.15% Cap Rate

1123 Ohio Ave
Long Beach, CA 90804
Eastside Long Beach


OVERVIEW

Perfectly located huge 1972 built Eastside Triplex with 100% large two story 3 bed, 1.5 bath townhome style units. Exterior refresh just completed plus all three units renovated since 2023 with new floors, finishes, and in-unit laundry. Huge parking lot in rear with parking for 7 cars. Excellent metrics at 12.6X GRM on actuals and a 5.2% in place cap rate with upside to an 11.7X GRM and cap rate of 5.7% at market rents. Quiet residential location in the Zaferia neighborhood only 2 blocks from the design district. One block from the historic Rose Park neighborhood. Just minutes from Cal State Long Beach, Traffic Circle retail, and the beach.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$401 USD /SF

# OF UNITS

3

PRICE/UNIT

$496,667

CAP RATE

5.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7260-028-019

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.