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1123 Ohio Ave 3 Unit Apartment Building Offered at $2,077,805 CAD at a 5.15% Cap Rate Long Beach, CA 90804
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,077,805 CAD | Property Type | Multifamily |
| Price Per Unit | $692,602 CAD | Building Size | 3,720 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.15% | No. Stories | 2 |
| Gross Rent Multiplier | 12.62 | Year Built | 1972 |
| No. Units | 3 |
| Price | $2,077,805 CAD |
| Price Per Unit | $692,602 CAD |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 12.62 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,720 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 3 | $4,438 CAD | 1,240 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7260-028-019 | Total Assessment | $1,789,254 CAD |
| Land Assessment | $1,001,982 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $787,272 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7260-028-019
Land Assessment
$1,001,982 CAD
Improvements Assessment
$787,272 CAD
Total Assessment
$1,789,254 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1123 Ohio Ave
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