927 Daisy AVE Long Beach, CA 90813

Active

$4,100,000

16 Units

26 Beds

13 Baths

13,641 Area(sq.ft.)

7,559 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 13	1	2	1		$ 2,200	$ 2,200	$ 2,200
1	1	2	1		$ 2,200	$ 2,200	$ 2,200

MLS #:	PTP2407022MR
Days On Market:	14
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 301
Price per unit:	$ 256,250
Year Built:	1964

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

Updated inside and out, this16-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 architecturalplans 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.