811 Ohio Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,850,000 USD
714-299-6746
811 Ohio Ave, Long Beach, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/9
null | 5.58% Cap Rate

811 Ohio Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Unit Mix: (8) Large 1 Bedroom/1 Bath Units
  • Located in a Neighborhood Comprised of 80% Single-Family Homes Within One Block
  • Private Garden-Style Community in Prime Rose Park
  • Approximately 20% in Rental Upside

OVERVIEW

The Swanson Apartment Team is pleased to present 811 Ohio Avenue; a well-maintained multifamily investment opportunity located in the highly sought-after Eastside submarket of Long Beach. The property offers investors the opportunity to acquire a stable asset in one of the city’s strongest rental markets, known for its consistent tenant demand and long-term appreciation potential. Situated in a prime coastal location, 811 Ohio Avenue provides convenient access to some of Long Beach’s most desirable amenities, including 2nd Street, Retro Row, Broadway, Belmont Shore, and Downtown Long Beach. Residents enjoy an abundance of nearby restaurants, shopping, entertainment, parks, and recreational opportunities, while remaining just minutes from the beach and major employment centers. The property also benefits from excellent regional connectivity with convenient access to Pacific Coast Highway, Lakewood Boulevard, and the 405 and 710 Freeways, allowing for easy commutes throughout Los Angeles and Orange Counties. Combining an exceptional location with strong rental fundamentals, 811 Ohio Avenue presents a compelling opportunity for investors seeking a quality multifamily asset in one of Southern California’s most established coastal communities.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

8

PRICE/UNIT

$231,250

CAP RATE

5.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,747 SF

ZONING

LBR2N

APN/PARCEL ID

7262-015-024

ASK ABOUT THIS PROPERTY

Michael BourasStream Realty Partners, LPMore Info
714-299-6746

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Michael BourasStream Realty Partners, LPMore Info
714-299-6746

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