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1133 Ohio Ave Long Beach, CA 90804

$2,195,000 Sold Price as of 07/29/2020

16 Beds
16 Baths
6,120 Sq.Ft.

Sold

$2,195,000 Sold Price as of 07/29/2020 Refinance Your Mortgage

Map preview of 1133 Ohio Ave, Long Beach, CA 90804

Property Overview: 1133 Ohio Ave Long Beach, CA has 16 bedrooms, 16 bathrooms, 6,120 living square feet and 5,662 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1133 Ohio Avenue is an 8-unit multifamily investment property in Long Beach, one of the premier housing markets in Southern California. Located in Long Beach’s Zaferia Neighborhood, 1133 Ohio Avenue is centrally located less than two miles away from major Long Beach neighborhoods such as Downtown Long Beach, Junipero Beach, Signal Hill, and the Los Alamitos Traffic Circle. The 6,120 square foot property consists of 100% two-bedroom floor plans and offers gated entry, covered parking, and on-site laundry. Most of the units have been recently upgraded and now include new laminate wood flooring, stainless steel appliances, and granite countertops.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest

Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 191

Home details

Lot Sq. Ft: 5,662
HOA Dues: $0/mo
Year built: 1986
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: OC19268941
City: Long Beach
County: Los Angeles
Time on Site: 1440 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Leased Units: 8
# of Electric Meters: 0
# of Gas Meters: 0
# of Water Meters: 1

Unit Breakdown 1

# of Units: 8
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $13,255
Total Rent: $13,255
Pro Forma/Market Rent: $15,960

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $160,260
Net Operating Income: $102,118
Gross Operating Income: $155,488

Annual Expense Breakdown

Total Operating Expense: $53,370
Electric: $1,629
Gas/Fuel: $1,629
Licenses: $1,800
New Taxes: $31,446
Trash: $1,629
Insurance: $2,448
Maintenance: $4,800
Professional Management: $3,000
Water/Sewer: $1,629
Other Expenses: $3,360
Other Expense Description: other

Property Details for 1133 Ohio Ave

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Landscaped
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: No Common Walls
Total # of Units: 8
Parcel Number: 7260028017
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Cross Streets: East Anaheim Street and Ohio Avenue

Neighborhood Information

Community Features: Sidewalks, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 1133 Ohio Ave

Last sold for $2,195,000 on July 29th, 2020

July, 2020
Jul 29, 2020

Date

Sold

CRMLS: OC19268941

$2,195,000

Price
Jul 17, 2020

Date

Pending

CRMLS: OC19268941

$2,495,000

Price
May 29, 2020

Date

Active Under Contract

CRMLS: OC19268941

$2,495,000

Price
Nov 20, 2019

Date

Active

CRMLS: OC19268941

$2,495,000

Price
July, 2020
Jul 29, 2020

Date

Sold (Public Records)

Public Records

$2,195,000

Price
May, 2018
May 24, 2018

Date

Sold (Public Records)

Public Records

$2,190,000

Price

Tax History for 1133 Ohio Ave

Assessed Value (2020): $2,280,176

Year	Land Value	Improved Value	Assessed Value
2020	$1,238,076	$1,042,100	$2,280,176

Home Value Compared to the Market

This property vs the competition

1133 Ohio Ave sold on July 29, 2020 for 179.71% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $407.68 per/sqft which puts the price per square foot 38.14% lower than the current median sale per square foot for the city of Long Beach.

About 1133 Ohio Ave

Detailed summary of property

1133 Ohio Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 6,120 living square feet, and sits on an approximately 5,662 square foot lot. 1133 Ohio Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,195,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 179.71% higher than the current median priced home. Local homes that are currently for sale include 435 W 11th St, 1548 W 19th St and 6062 Atlantic Ave. While the average home in Long Beach, CA is selling in 52 days, 1133 Ohio Ave has a days on market of 191 days. There are currently 711 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 292 of them are condos and 22 are townhomes. For more information on this home for sale at 1133 Ohio Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1133 Ohio Ave

Public county record property details

Beds: 16
Baths: 16
Year built: 1986
Sq. Ft.: 6,120
Lot Size: 5,868
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18
APN: 7260-028-017

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$528,000

Median List Price/Sq.Ft.

$594

Median Sold Price

$515,000

Median Sold Price/Sq.Ft.

$624

Total Inventory

Median Sale to List Price %

99.23%

Avg Days on Market

Loan Type

Conventional (53.85%), FHA (7.69%), VA (0%), Cash (15.38%), Other (15.38%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.