927 Daisy ave, Long Beach, CA 90813
Active
$3,900,000
5%
16 Units
26 Beds
13 Baths
13,641 Area(sq.ft.)
Lot: 7,559 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 16 | 2 | 1 | $ 32,021 | $ 32,021 | $ 32,021 | |
| Unit 13 | 1 | 2 | 1 | $ 2,200 | $ 2,200 | $ 2,200 | |
| 17 | 34 | 17 | $ 514,536 | $ 514,536 | $ 514,536 |
| MLS #: | PTP2407022MR |
| Days On Market: | 403 |
| Listing Date: | November 6, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 286 |
| Price per unit: | $ 243,750 |
| Year Built: | 1964 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 129,658 |
| Net Operating Income: | $ 253,958 |
| Cap Rate: | 6.51% |
| Actual Gross Rent: | $ 32,021 |
Structure
| Community Features: | Curbs, Sidewalks, Urban |
| Sewer: | Public Sewer |
Land & Parking
| Zoning: | Commercial |
| Land Lease Type: | Fee |
| Parking Garage: | Garage, On street |
Interior
| Cooking Appliances: | Range |
| Equipment: | Community, Refrigerator |
| Laundry: | Community |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
