$1,849,000 - 1201 Ohio Avenue, Long Beach

  • 2Beds
  • 1Baths
  • 6,604SQ. Feet
  • 0.13Acres

--- 50K PRICE REDUCTION! -- Deal becomes very attractive at these numbers, with plenty of opportunity for pro forma upside. We are proud to present 1201 Ohio Ave in Long Beach. An amazing opportunity to own a stabilized 7 unit apartment complex in the geographical center of this growing metropolitan city. This property boasts a perfect 2 bedroom/1 bath unit mix all receiving approximately $1,450/month. Close to many of Long Beach's major attractions, shopping centers, and coveted neighborhoods this property's location couldn't be any more centralized. Purchase as a stabilized asset and enjoy the 4.35% CAP rate from day 1, or remodel and enjoy the almost 30% upside potential in this booming rental market. The possibilities are endless!

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:SB19004253
  • Price:$1,849,000
  • Bedrooms:2
  • Bathrooms:1.00
  • Square Footage:6,604
  • Acres:0.13
  • Year Built:1963
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1201 Ohio Avenue
  • Area:Eastside, Circle Area (3)
  • Subdivision:Eastside (ES)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90804

Amenities

  • Parking Spaces:8
  • # of Garages:4

Interior

  • Appliances:None

Exterior

  • Lot Description:0-1 Unit/Acre

Additional Information

  • Date Listed:January 7th, 2019
  • Days on Market:133
  • Zoning:LBR2N

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Eastside (es)

  • City:
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  • Price Range:
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  • Current Listings:
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  • HOA Dues:
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  • Average Price per Square Foot:
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Belmont Heights (bh)

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Provided By: Austin Longwell(0236524), Lyon Stahl Investment Real Estate, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of May 21st, 2019 at 6:37am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.