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Listed by Jeff Kim • eXp Realty of California, Inc.
$4,100,000
Est. payment /mo
13,641 SqFt
Active
927 Daisy Avenue Long Beach, CA 90813
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UPDATED:
12/19/2024 06:06 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 13,641 sqft
Price per Sqft $300
MLS Listing ID 8P-2407022
Year Built 1964
Lot Size 7,559 Sqft
Property Description
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.
Location
State CA
County Los Angeles
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
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