Coastal Multifamily
For Sale
$1,695,000
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 Market23
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: Oct 8
Last Checked: Oct 12 at 8:16PM
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 / Yr
$99,500
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
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
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 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 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $194,997 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
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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 $1,695,000.
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
