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$ 2,590,000
Est. payment | /mo
5 Beds
4 Baths
6,754 Sqft Lot
$ 2,590,000
Est. payment | /mo
5 Beds
4 Baths
6,754 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB26183865
Bedrooms 5
Lot Size 6,754 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction On Ohio Ave, south of E 6th St and north of E 4th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7263023007
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Mariko Artis, DRE#02062257 ADW Management USA, Inc.
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