Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1133 Ohio Avenue, an 8-unit multifamily investment property in Long Beach, one of the premier housing markets in Southern California.
Located in Long Beach’s Zaferia Neighborhood, 1133 Ohio Avenue is centrally located less than two miles away from major Long Beach neighborhoods such as Downtown Long Beach, Junipero Beach, Signal Hill, and the Los Alamitos Traffic Circle. The 6,120 square foot property consists of 100% two-bedroom floor plans and offers gated entry, covered parking, and on-site laundry. Most of the units have been recently upgraded and now include new laminate wood flooring, stainless steel appliances, and granite countertops.
Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.
Given the strength of the overall apartment market within the city of Long Beach, 1133 Ohio Avenue offers an investor the ability to capture quality tenants seeking a great historical neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1133 Ohio Avenue.