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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.
| Last Updated | 8/24/2026 | Tract | Eastside (ES) |
|---|---|---|---|
| Year Built | 1971 | Community | 3 - Eastside, Circle Area |
| Garage Spaces | 4.0 | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | 3 - Eastside, Circle Area |
| GARAGE | Yes |
| HEAT | Electric |
| LOT | 6756 sq ft |
| LOT DIMENSIONS | 6754 |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Eastside (ES) |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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