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811 Ohio Ave 8 Unit Apartment Building $1,850,000 ($231,250/Unit) 5.58% Cap Rate Long Beach, CA 90804
Investment Highlights
- Unit Mix: (8) Large 1 Bedroom/1 Bath Units
- Private Garden-Style Community in Prime Rose Park
- Located in a Neighborhood Comprised of 80% Single-Family Homes Within One Block
- Approximately 20% in Rental Upside
Executive Summary
The Swanson Apartment Team is pleased to present 811 Ohio Avenue; a well-maintained multifamily investment opportunity located in the highly sought-after Eastside submarket of Long Beach. The property offers investors the opportunity to acquire a stable asset in one of the city’s strongest rental markets, known for its consistent tenant demand and long-term appreciation potential.
Situated in a prime coastal location, 811 Ohio Avenue provides convenient access to some of Long Beach’s most desirable amenities, including 2nd Street, Retro Row, Broadway, Belmont Shore, and Downtown Long Beach. Residents enjoy an abundance of nearby restaurants, shopping, entertainment, parks, and recreational opportunities, while remaining just minutes from the beach and major employment centers.
The property also benefits from excellent regional connectivity with convenient access to Pacific Coast Highway, Lakewood Boulevard, and the 405 and 710 Freeways, allowing for easy commutes throughout Los Angeles and Orange Counties. Combining an exceptional location with strong rental fundamentals, 811 Ohio Avenue presents a compelling opportunity for investors seeking a quality multifamily asset in one of Southern California’s most established coastal communities.
Situated in a prime coastal location, 811 Ohio Avenue provides convenient access to some of Long Beach’s most desirable amenities, including 2nd Street, Retro Row, Broadway, Belmont Shore, and Downtown Long Beach. Residents enjoy an abundance of nearby restaurants, shopping, entertainment, parks, and recreational opportunities, while remaining just minutes from the beach and major employment centers.
The property also benefits from excellent regional connectivity with convenient access to Pacific Coast Highway, Lakewood Boulevard, and the 405 and 710 Freeways, allowing for easy commutes throughout Los Angeles and Orange Counties. Combining an exceptional location with strong rental fundamentals, 811 Ohio Avenue presents a compelling opportunity for investors seeking a quality multifamily asset in one of Southern California’s most established coastal communities.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$153,120
|
$21.29
|
| Other Income |
$1,200
|
$0.17
|
| Vacancy Loss |
$4,630
|
$0.64
|
| Effective Gross Income |
$149,690
|
$20.81
|
| Taxes |
$23,478
|
$3.26
|
| Operating Expenses |
$22,956
|
$3.19
|
| Total Expenses |
$46,434
|
$6.46
|
| Net Operating Income |
$103,256
|
$14.36
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $153,120 |
| Annual Per SF | $21.29 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.17 |
| Vacancy Loss | |
|---|---|
| Annual | $4,630 |
| Annual Per SF | $0.64 |
| Effective Gross Income | |
|---|---|
| Annual | $149,690 |
| Annual Per SF | $20.81 |
| Taxes | |
|---|---|
| Annual | $23,478 |
| Annual Per SF | $3.26 |
| Operating Expenses | |
|---|---|
| Annual | $22,956 |
| Annual Per SF | $3.19 |
| Total Expenses | |
|---|---|
| Annual | $46,434 |
| Annual Per SF | $6.46 |
| Net Operating Income | |
|---|---|
| Annual | $103,256 |
| Annual Per SF | $14.36 |
Property Facts
| Price | $1,850,000 | Property Subtype | Apartment |
| Price Per Unit | $231,250 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.58% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 12.08 | Building Size | 5,203 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1946 |
| Zoning | LBR2N | ||
| Price | $1,850,000 |
| Price Per Unit | $231,250 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 12.08 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,203 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | LBR2N |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Dining Room
- Double Pane Windows
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,595 | 650 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7262-015-024 | Total Assessment | $369,606 (2026) |
| Land Assessment | $92,387 (2026) | Annual Taxes | $23,478 ($4.51/SF) |
| Improvements Assessment | $277,219 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
7262-015-024
Land Assessment
$92,387 (2026)
Improvements Assessment
$277,219 (2026)
Total Assessment
$369,606 (2026)
Annual Taxes
$23,478 ($4.51/SF)
Tax Year
2025
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811 Ohio Ave
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