Duplex with Detached
For Sale
$935,000
1035 Ohio Avenue, Long Beach, CA 90804
Two separate homes offer distinct living arrangements, with the rear residence reached independently from the alley.
Property Size1,490 SF
Lot Size0.15 Acres
Price / SF$627.52
Days on Market69
Property Features for 1035 Ohio Avenue
General Information
Standard status
Active
Size
1,490 SF
Lot size
0.15 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Zaferia
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
1,490 SF
Year Built
1921
Buildings
2
Listing Agency:
Compass
Listed By:
LaRocca Real Estate Group | Leonard LaRocca · License #01401046
(310) 698-6444
Source:
Laroccarealestate
Added: Aug 21
Changed: Oct 26
Last Checked: Oct 26 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
The duplex consists of two detached residences totaling 1,490 square feet on a 6,489-square-foot lot. The front home is vacant and has received fresh exterior and interior paint, new flooring, and a replacement kitchen with quartz counters, cabinetry, and a range hood. Appliances are not installed in this home. Its bathroom has a new vanity, and the property also includes laundry hookups, a driveway, and a detached storage shed.
The rear residence has a private yard, alley access, appliances, and in-unit laundry. Its associated garage has finished drywall and is being used as a music room. A month-to-month tenant currently occupies this residence. The property was built in 1921.
The rear residence has a private yard, alley access, appliances, and in-unit laundry. Its associated garage has finished drywall and is being used as a music room. A month-to-month tenant currently occupies this residence. The property was built in 1921.
Key Highlights
- Two detached residences with 1,490 square feet of combined living area
- 6,489‑square‑foot lot
- Rear home is occupied under a month‑to‑month tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,036
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,720
$640.7K
Cap Rate 7%
$457,657
$457.7K
Cap Rate 9%
$355,956
$356.0K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$48.3K $32.40/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$45.8K $30.72/SF
− OpEx
−$13.7K −$9.21/SF
NOI
$32.0K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,720
Cap Rate 7%
$457,657
Cap Rate 9%
$355,956
Alternative Uses
Best Use
Multifamily LT 5
$457.7K
$400.5K – $533.9K
NOI $32,036 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$407.1K
$356.2K – $474.9K
NOI $28,494 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$797.7K
$698.0K – $930.7K
NOI $55,842 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,501
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer distinct living arrangements, with the rear residence reached independently from the alley.
Where is this duplex located?
The property is located at 1035 Ohio Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Two detached residences with 1,490 square feet of combined living area; 6,489‑square‑foot lot; Rear home is occupied under a month‑to‑month tenancy
