520 Ohio Ave Long Beach, CA 90814
Bluff Heights NeighborhoodEstimated payment $17,971/month
Highlights
- No HOA
- Laundry Facilities
- Heating Available
- Wilson High School Rated A
- East Facing Home
About This Home
On behalf of the ownership, we are pleased to exclusively offer this 8-unit multifamily asset totaling 5,676 square feet at 520 Ohio Avenue, Long Beach, CA. The property benefits from strong occupancy, a desirable unit mix, and a location that consistently attracts quality residents.
Constructed in 1971 on a 6,754 sq ft lot, the property features a beautifully landscaped front exterior and a community laundry room. The unit mix consists of two 2bed 1.75bath units, two 2 bed 1 bath units, and four 1bed 1 bath units, all of which have been previously remodeled. The community also offers off-street parking for up to 15 vehicles, which is a rarity in the area. Not only does this benefit the residents who commute throughout Los Angeles & Orange County, ownership benefits from the additional income and potential upsides.
520 Ohio Avenue is positioned within one of Long Beach's most sought-after residential neighborhoods. The area is characterized by strong renter demand driven by it's proximity to Retro Row or the 4th Street Corridor - which offers diverse and unique dining and shopping options, a weekly Farmer's Market, and entertainment venues such as the historic Art Theatre.
With its desirable location, strong occupancy, and meaningful upside potential, 520 Ohio Ave is a compelling investment for groups targeting multifamily assets with both current yield and value creation opportunities.
Listing Agent
ADW Management USA, Inc. Brokerage Email: mariko.a@re-adworks.com License #02062257 Listed on: 08/24/2026
Co-Listing Agent, Showing Contact
Takeshi Kida Brokerage Email: mariko.a@re-adworks.com License #02096893
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971
Lot Details
- 6,754 Sq Ft Lot
- Two or More Common Walls
- East Facing Home
- Density is up to 1 Unit/Acre
Parking
- 10 Open Parking Spaces
- 4 Car Garage
- 1 Carport Space
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,676 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Exterior Lighting
- Heating Available
Listing and Financial Details
- Legal Lot and Block 6 / 1
- Tax Tract Number 2
- Assessor Parcel Number 7263023007
- $706 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $1,090
- Gardener Expense $2,620
- Insurance Expense $6,238
- Maintenance Expense $8,000
- Other Expense $1,000
- Pest Control $660
- Professional Management Expense $11,447
- Trash Expense $3,792
- Water Sewer Expense $2,351
- New Taxes Expense $34,576
- Operating Expense $71,774
- Gross Income $196,688
- Net Operating Income $119,014
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $40,170 | $3,091,423 | $1,854,854 | $1,236,569 |
| 2025 | $40,170 | $3,030,808 | $1,818,485 | $1,212,323 |
| 2024 | $38,442 | $2,971,381 | $1,782,829 | $1,188,552 |
| 2023 | $37,795 | $2,913,120 | $1,747,872 | $1,165,248 |
| 2022 | $35,459 | $2,856,000 | $1,713,600 | $1,142,400 |
| 2021 | $27,141 | $2,160,149 | $1,010,360 | $1,149,789 |
| 2020 | $27,071 | $2,138,000 | $1,000,000 | $1,138,000 |
| 2019 | $14,562 | $1,088,509 | $214,395 | $874,114 |
| 2018 | $14,124 | $1,067,167 | $210,192 | $856,975 |
| 2016 | $12,987 | $1,025,730 | $202,031 | $823,699 |
| 2015 | $12,479 | $1,010,324 | $198,997 | $811,327 |
| 2014 | $12,422 | $990,534 | $195,099 | $795,435 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/24/2026 08/24/26 | For Sale | $2,590,000 | 0.0% | $456 / Sq Ft | |
| 03/05/2025 03/05/25 | Off Market | $1,700 | -- | -- | |
| 11/19/2024 11/19/24 | For Rent | $1,700 | 0.0% | -- | |
| 08/29/2019 08/29/19 | Sold | $2,138,000 | -6.0% | $377 / Sq Ft | View Prior Sale |
| 07/05/2019 07/05/19 | Pending | -- | -- | -- | |
| 06/20/2019 06/20/19 | For Sale | $2,275,000 | -- | $401 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26183865
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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