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Listed by Jeff Kim • eXp Realty of California, Inc.
$ 3,900,000
Est. payment /mo
Active
927 Daisy Avenue Long Beach, CA 90813
13,641 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 13,641 sqft
Price per Sqft $285
MLS Listing ID 8P-2407022
Year Built 1964
Lot Size 7,559 Sqft
Property Description
This updated 16-unit apartment community is now fully occupied and boasts a current CAP rate of 6.51%. All units have 2-bed, 1-bath floor plans. Nine of the 16 units were recently renovated - four of which were partially updated, and the other five were remodeled top-to-bottom with new paint, flooring, lighting, and brand new kitchen and bathroom finishes. Recent exterior upgrades include a new roof, new exterior railings, improved decks and walkways and select window replacements. This property also offers additional income potential with architectural plans to convert 8 garage spaces into 4 ADUs - the current owner passed the pre-planning stage with the City. More building features include a controlled-access gate for extra privacy and security and a community laundry room. This apartment community is located in a residential yet walkable pocket of Southwest Long Beach, near the heart of Downtown and the East Village Arts District.
Location
State CA
County Los Angeles
Area Long - Long Beach (L)
Zoning Commercial
Interior
Laundry Community
Exterior
Parking Features Garage, Street
Garage Spaces 8.0
Pool None
Community Features Curbs, Sidewalks, Urban
View Y/N No
Building
Lot Description Level
Sewer Public Sewer