Long Beach, CA 90813 927 Daisy Avenue
$3,900,000
13 more
Presented By: Jeff Kim with eXp Realty of California, Inc.; Jeff@kimrealtygroup.com
Beds • 32
Baths • 16
SQFT • 13,641
Garage • 8
Year Built • 1964
Home 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.
Presented By: Jeff Kim with eXp Realty of California, Inc.; Jeff@kimrealtygroup.com
Interior Features for 927 Daisy Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories3
Other Rooms
Entry Level1
General for 927 Daisy Avenue
Additional Parcels Y/NNo
AppliancesElectricRange, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.51
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Sidewalks, Urban
CountyLos Angeles
DirectionsCross St: W 10th
Electric On Property Y/NNo
Entry LocationGound Level
Garage Spaces8.0
Garage Y/NYes
Gross Income384252.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense20097.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCash, Conventional
Lot Size Square Feet7559.0
Lot Size UnitsSquareFeet
MLS Area197 - Long Beach
MobileHomeRemainsYNNo
Net Operating Income253958.0
New ConstructionNo
Number Of Units Total16
Number of Units Leased16
Operating Expense131131.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot11
Taxes$46,750
Total Actual Rent32021.0
Trash Expense13025.0
Water Sewer Expense3217.0
Year Built1964
Year Built SourceAssessor
ZoningCommercial
Exterior for 927 Daisy Avenue
Building Area Total13641.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres0.1735
Lot Size Area7559.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage, OnStreet
Private PoolNo
SpaNo
Total Parking8.0
Waterfront Y/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$3,900,000
MLS#PTP2407022
List Date
11/14/2024
Property Type
Multi-Family
Phone
(310) 963-5595
