927 Daisy Avenue,Long Beach, CA 90813
Long Beach, CA 90813
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, the CAP Rate: 6.17%, 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.
Details
| MLS# | PTP2407022 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 189 |
| Listing Provided By | eXp Realty of California, Inc. 888-584-9427 | Jeff Kim |
Features
| SQ Feet | 13,641 |
|---|---|
| Garage | 8 |
| Story(s) | 3 |
| Units | 16 |
| Building(s) | 1 |
| Zoning | Commercial |
| Acreage | 0.17 |
Market Activity 90813
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 197 Long Beach |
| Listing VS Median (in 90813) | |
Price: $3,900,000 low | high Med: $797,000 SqFt: 13,641 low | high Med: 1,854 $ / SqFt: $286 low | high Med: $433 On site: 189 low | high Med: 160.500000 | |