$4,100,000
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927 Daisy Avenue Long Beach, CA 90813
Cluster
Residence
Beds
Baths
13,641
Sq. Ft.
0.17
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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Updated inside and out, this 16-unit apartment community boasts a desirable unit mix of all 2-bedroom and 1-bathroom units. Featuring a new roof, new exterior railings, improved decks and walkways, select window replacements, and 9 recently renovated unit interiors, this property is well-maintained ...and ready for a smooth transition to the next owner. Five units were recently remodeled top to bottom with new paint, flooring, light fixtures, brand new kitchens and bathroom finishes. Four additional units have been partially updated. This property offers additional income potential with architectural plans to convert 8 garage spaces into 4 ADUs in progress - current Owner already passed the pre-planning stage with the City. All existing units are metered separately. There is a controlled-access gate for extra privacy and security for all tenants. A community laundry room is offered on the property and can acquire extra income. At 100% occupancy, this property has a CAP rate of 5.52%, not including the proposed ADUs. This apartment community is located near East Village Arts District and Downtown Long Beach where you will enjoy the variety of local parks, restaurants, cafes, and so much more.
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MLS#
PTP2407022
Property Type
Cluster
Status
Year Built
1964
Square Feet
13,641
sq. ft
Lot Size
0.17
Sewer
Public Sewer
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