Coastal Multifamily
New
For Sale
$1,850,000
811 Ohio, Long Beach, CA 90804
Multifamily asset near Long Beach amenities, employment centers, recreational areas, and major regional transportation routes.
Property Size5,203 SF
Days on Market5
Property Features for 811 Ohio
General Information
Standard status
Active
Size
5,203 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Building Details
Building Size
5,203 SF
Year Built
1946
Stories
2
Units
8
Listed By:
Pat Swanson
(213) 864-2862
Source:
Elliman
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 26 at 8:19AM
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 Pat Swanson
Investment Insights
Based on property information with market context.
Built in 1946, this multifamily property is located at 811 Ohio Avenue in Long Beach’s Eastside submarket. The asset sits within an established coastal community with access to nearby restaurants, shopping, entertainment, parks, and recreational destinations. The surrounding area includes 2nd Street, Retro Row, Broadway, Belmont Shore, and Downtown Long Beach, with the beach and major employment centers also within the broader local area.
Regional mobility is supported by access to Pacific Coast Highway, Lakewood Boulevard, and the 405 and 710 Freeways, connecting the property with destinations across Los Angeles and Orange Counties. Walk Score is 79, Bike Score is 57, and Transit Score is 55, reflecting walkable surroundings, bikeable conditions, and available transit service.
Regional mobility is supported by access to Pacific Coast Highway, Lakewood Boulevard, and the 405 and 710 Freeways, connecting the property with destinations across Los Angeles and Orange Counties. Walk Score is 79, Bike Score is 57, and Transit Score is 55, reflecting walkable surroundings, bikeable conditions, and available transit service.
Key Highlights
- Multifamily property at 811 Ohio Avenue in Long Beach, CA 90804
- Constructed in 1946
- Located in Long Beach’s Eastside submarket
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,500
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,990,000
$2.0M
Cap Rate 7%
$1,421,429
$1.4M
Cap Rate 9%
$1,105,556
$1.1M
Market Conditions
NOI Build-Up for 5,203 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$190.4K $36.60/SF
− Vacancy
−$9.5K −$1.83/SF
EGI
$180.9K $34.77/SF
− OpEx
−$81.4K −$15.65/SF
NOI
$99.5K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,990,000
Cap Rate 7%
$1,421,429
Cap Rate 9%
$1,105,556
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.24M – $1.66M
NOI $99,500 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $194,997 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,501
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily asset near Long Beach amenities, employment centers, recreational areas, and major regional transportation routes.
Where is this multifamily property located?
The property is located at 811 Ohio Long Beach, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Multifamily property at 811 Ohio Avenue in Long Beach, CA 90804; Constructed in 1946; Located in Long Beach’s Eastside submarket
