Duplex Plus Bonus Unit- Rose Park Neighborhood

1020 Ohio Ave, Long Beach, CA 90804

Asking Price: $1,225,000

*This property is located in a census tract that qualifies for a $50K grant!*

Property Details

Two Homes on One Lot in Trendy Rose Park!

This unique property offers a fantastic opportunity for owner-occupants or investors.

The front house, a charming 3-bed, 1-bath craftsman bungalow, combines vintage charm with modern updates. It includes original wood built-ins and moldings, high-grade vinyl flooring, dual-pane windows, and washer/dryer hookups. Recent upgrades include newer copper plumbing, updated electrical, and a brand-new water heater. The front house is separately metered for electricity, gas, & water. Tenants pay all utilities Currently rented at $2,200/month. 

The rear building, built in 1989, boasts 2,028 sq. ft. of living space. The upstairs units features an open floor plan 3-bed, 2-bath unit with central AC/heat, durable high-grade vinyl flooring, and dual-pane windows. Currently rented at $3,400/month. 

The downstairs den/office with a full bath and kitchenette is currently operating as a 1-bed, 1bath “bonus unit” and there is potential to convert it into an ADU.  Currently rented at $1,300/month

The rear 2 units share electric, gas, and water meter. Tenants pay their portion for all utilities. Bill is split using RUBS. 

The rear building also features 2 attached garages and a large storage room which can be rented for additional income. 

  • Living Area: 2982 sqft  
  • Lot Size: 6764 sqft
  • Year Built: 1922 & 1989 
  • Price/ sqft: $411
  • Current Gross Rent: $82,800/ year 
  • Market Gross Rent: $98,340/ year 
  • Current GRM: 14.8
  • Market GRM: 12.4

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