Properties
Long Beach, CA 90804 1123 Ohio
$1,490,000
20 more
Presented By: Anthony Walker with Buckingham Investments, Inc; 310-561-4776
Full/Half Baths • 1 / 1
SQFT • 3,720
Home Details
Perfectly located huge 1972 built Eastside Triplex with 100% large two story 3 bed, 1.5 bath townhome style units. Exterior refresh just completed plus all three units renovated since 2023 with new floors, finishes, and in-unit laundry. Huge parking lot in rear with parking for 7 cars. Excellent metrics at 12.6X GRM on actuals and a 5.2% in place cap rate with upside to an 11.7X GRM and cap rate of 5.7% at market rents.
Quiet residential location in the Zaferia neighborhood only 2 blocks from the design district. One block from the historic Rose Park neighborhood. Just minutes from Cal State Long Beach, Traffic Circle retail, and the beach.
Presented By: Anthony Walker with Buckingham Investments, Inc; 310-561-4776
Interior Features for 1123 Ohio
Other Interior Features
Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesAll Bedrooms Up
Laundry FeaturesIn Kitchen
Total Stories2
Other Rooms
Entry Level1
General for 1123 Ohio
AccessibilityNone
Additional Parcels Y/NNo
AppliancesGas Oven, Gas Range
Building Area UnitsSquare Feet
Cap Rate5.2
Carport Spaces
CityLong Beach
Community FeaturesUrban
Construction MaterialsStucco
ContingencyPlease submit offers subject to inspection.
CoolingNone
CountyLos Angeles
Current FinancingConventional
DirectionsWest Side of Ohio Ave, South of Anaheim St
ElectricStandard
Electric Expense
Entry Location1
Facing DirectionEast
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income118032
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense4650
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan
Lot Size Square Feet5855
Lot Size UnitsSquare Feet
MLS Area3 - Eastside, Circle Area
MaintenanceExpense3420
Net Operating Income76780
New ConstructionNo
Number Of Units Total3
Open Parking Spaces7
Operating Expense35531
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision Namen/a
Tax Lot20
Taxes$18,625
Tenant PaysElectricity, Gas
Trash Expense0
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense1401
Year Built1972
Year Built SourcePublic Records
Exterior for 1123 Ohio
Building Area Total3720
FencingChain Link, Wood, Wrought Iron
Lot FeaturesRectangular Lot
Lot Size Acres0.1344
Lot Size Area5855
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesGated, Paved
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking7
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
