520 Ohio AVE, Long Beach, CA 90814
520 Ohio AVE, Long Beach, CA 90814
520 Ohio AVE, Long Beach, CA 90814
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,590,000
Est. payment /mo
6,756 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID SB26183865

HOA Y/N No

Year Built 1971

Lot Size 6,756 Sqft

Property Sub-Type Apartment

Property Description

On behalf of the ownership, we are pleased to exclusively offer this 8-unit multifamily asset totaling 5,676 square feet at 520 Ohio Avenue, Long Beach, CA. The property benefits from strong occupancy, a desirable unit mix, and a location that consistently attracts quality residents.

Constructed in 1971 on a 6,754 sq ft lot, the property features a beautifully landscaped front exterior and a community laundry room. The unit mix consists of two 2bed 1.75bath units, two 2 bed 1 bath units, and four 1bed 1 bath units, all of which have been previously remodeled. The community also offers off-street parking for up to 15 vehicles, which is a rarity in the area. Not only does this benefit the residents who commute throughout Los Angeles & Orange County, ownership benefits from the additional income and potential upsides.

520 Ohio Avenue is positioned within one of Long Beach's most sought-after residential neighborhoods. The area is characterized by strong renter demand driven by it's proximity to Retro Row or the 4th Street Corridor - which offers diverse and unique dining and shopping options, a weekly Farmer's Market, and entertainment venues such as the historic Art Theatre.

With its desirable location, strong occupancy, and meaningful upside potential, 520 Ohio Ave is a compelling investment for groups targeting multifamily assets with both current yield and value creation opportunities.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Heating Electric

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 4.0

Carport Spaces 1

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Total Parking Spaces 15

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Faces East

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7263023007

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Mariko Artis ADW Management USA, Inc. mariko.a@re-adworks.com, DRE #02062257

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