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Listed by Mariko Artis, DRE #02062257 • ADW Management USA, Inc.
$ 2,590,000
Est. payment /mo
New
520 Ohio AVE Long Beach, CA 90814
6,754 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26183865
Year Built 1971
Lot Size 6,754 Sqft
Source California Regional MLS
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 c
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Heating Electric
Cooling None
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces
Garage Spaces 15.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 7263023007
Special Listing Condition Not Applicable
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