1123 Ohio, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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Long Beach, California 90804
This High-Yield Renovated Triplex represents a High-Potential Investment Opportunity, listed at $1,490,000—positioned well below the $1,564,615 Fair Market Value by 4%. This strategic pricing provides $74,615 in Instant Equity for the buyer. The property boasts an Excellent Condition Rating following a comprehensive 2023 renovation of all 3-bedroom townhome-style units, featuring updated finishes and in-unit laundry. With a 5.2% in-place cap rate and a rare 7-car parking lot near Cal State Long Beach, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1123 Ohio Subject | $1,490,000* List Price | 0 | 0 | 3,720 | $421 | - |
A 2122 E 10th Street Active | $1,599,999 List Price | 0 | 0 | 3,658 | $437 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1972, the property underwent an extensive renovation of all units in 2023, featuring new flooring, modern finishes, and in-unit laundry. With a recently completed exterior refresh and all components being virtually new, it meets the criteria for a fully renovated property within the last 5 years.
Elementary School: Fremont Elementary School (9/10).
The property consists entirely of large 3-bedroom, 1.5-bathroom townhome-style units, which are highly sought after by families and long-term tenants.
All three units have been renovated since 2023 with new floors, finishes, and in-unit laundry, minimizing immediate capital expenditure for the buyer.
With only 1.5 bathrooms for 3-bedroom units, the configuration may be less competitive for groups of roommates compared to units with two full baths.
Despite recent cosmetic renovations, the 1972 construction may still have aging underlying systems such as plumbing or electrical that require monitoring.
The property offers no significant views, which may limit its appeal to premium-tier tenants looking for the coastal or city-light vistas common in other parts of Long Beach.
Perfectly located huge 1972 built Eastside Triplex with 100% large two story 3 bed, 1.5 bath townhome style units. Exterior refresh just completed plus all three units renovated since 2023 with new floors, finishes, and in-unit laundry. Huge parking lot in rear with parking for 7 cars. Excellent metrics at 12.6X GRM on actuals and a 5.2% in place cap rate with upside to an 11.7X GRM and cap rate of 5.7% at market rents. Quiet residential location in the Zaferia neighborhood only 2 blocks from the design district. One block from the historic Rose Park neighborhood. Just minutes from Cal State Long Beach, Traffic Circle retail, and the beach.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,720 | 1,972 | 86% |
| Lot Size | 5,855 | 6,067 | 43% |
| Price | $1.49M | $1.05M | 90% |
| Price per sq ft | $401 | $529 | 19% |
| Built year | 1972 | 1926 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 189 | 10% |
Feb 16, 2026
$1,490,000
Initial Listing
Feb 24, 2023
$1,250,000
Public Record
Mar 26, 1996
$165,000
Public Record