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520 Ohio Ave, Long Beach, CA 90814
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520 Ohio Ave Long Beach, CA 90814

$2,138,000 Sold Price as of 08/29/2019
  • 14 Beds
  • 10 Baths
  • 5,676 Sq.Ft.
Sold
$2,138,000 Sold Price as of 08/29/2019 Refinance Your Mortgage
Map preview of 520 Ohio Ave, Long Beach, CA 90814

Property Overview: 520 Ohio Ave Long Beach, CA has 14 bedrooms, 10 bathrooms, 5,676 living square feet and 6,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Rose Park South location in Eastside Long Beach. 8 units all in good to excellent condition with quality tenants. 4 garages at rear with room to park 8 additional cars. On site laundry room. Good curb appeal, and nice tree line street. South facing balcony for lots of natural light entering common areas. Professionally managed by quality local company (Centennial Properties). Rents listed below are current rents.

Listed by John Dumke | BRE #01030015 | John Dumke, Broker
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
6,754
HOA Dues
$0/mo
Year built
1971
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
PW19145505
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $995
  • Total Rent: $995
  • Pro Forma/Market Rent: $1,295
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,445
  • Pro Forma/Market Rent: $1,445
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,445
  • Pro Forma/Market Rent: $1,445
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $1,925
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.7%
  • Gross Rent Multiplier: 15.7
  • Gross Scheduled Income: $144,600
  • Net Operating Income: $130,140
  • Gross Operating Income: $137,370
  • # of Rented Garages: 1
  • Garage Rental Rate: $125
  • Garage Rental Income: $125
  • Laundry Income: $100
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $14,460
  • Electric: $1,200
  • Gas/Fuel: $0
  • New Taxes: $28,000
  • Trash: $600
  • Insurance: $3,000
  • Professional Management: $8,676
  • Water/Sewer: $600

Property Details for 520 Ohio Ave

Interior Features
Heating Information
  • Has Heating
  • Radiant
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7263023007
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Access Ohio from either 4th or 7th street. West of Temple and East of Junipero
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 520 Ohio Ave

Last sold for $2,138,000 on August 29th, 2019

  • August, 2019

  • Aug 30, 2019

    Date

    Sold

    CRMLS: PW19145505

    $2,138,000

    Price

  • Jul 9, 2019

    Date

    Pending

    CRMLS: PW19145505

    $2,275,000

    Price

  • Jun 21, 2019

    Date

    Active

    CRMLS: PW19145505

    $2,275,000

    Price

  • August, 2019

  • Aug 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,138,000

    Price

Show More

Tax History for 520 Ohio Ave

Assessed Value (2020): $2,138,000
Year Land Value Improved Value Assessed Value
2020 $1,000,000 $1,138,000 $2,138,000

Home Value Compared to the Market

This property vs the competition

520 Ohio Ave sold on August 29, 2019 for 177.78% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $400.81 per/sqft which puts the price per square foot 36.18% lower than the current median sale per square foot for the city of Long Beach.

About 520 Ohio Ave

Detailed summary of property

520 Ohio Ave is a apartment that recently sold in Long Beach, CA 90814. This apartment offered 14 bedrooms, 10 bathrooms, roughly 5,676 living square feet, and sits on an approximately 6,754 square foot lot. 520 Ohio Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,138,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 177.78% higher than the current median priced home. Local homes that are currently for sale include 1102 Termino Ave, 1724 Cherry Ave and 229 Roswell Ave. While the average home in Long Beach, CA is selling in 62 days, 520 Ohio Ave has a days on market of 15 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 520 Ohio Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 520 Ohio Ave

Public county record property details
Beds
10
Baths
10
Year built
1971
Sq. Ft.
5,676
Lot Size
6,754
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7263-023-007

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$642
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$596
Total Inventory
45
Median Sale to List Price %
106.54%
Avg Days on Market
31
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

Thinking of Selling?

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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.

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