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Buy a multi-family propertyat 425 Daisy Avenue, Long Beach, CA 90802

$2,230,000

$0/mo

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Multifamily

7,538 Sq. Ft. lot

0 Bathrooms

313 Days on market

PW23109726 MLS ID

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About 425 Daisy Avenue multi-family property

425 Daisy is an 11-unit apartment building located in Long Beach, California. Constructed in 1912, the subject property contains 4,824 rentable square feet which is located on a 7,538 square foot lot. The building consists of (7) studios and (4) one bedroom + one bathroom units. The subject property is located in Downtown Long Beach, just three blocks east of Cesar Chavez Park. With a very walkable score of 83, this location has easy access to all the fine dining, retail shopping, and other businesses that Downtown Long Beach has to offer. The property is in extremely close proximity to numerous freeways, especially the 710, but also 110, 405, 105, and 91 Freeways. The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Long Beach, surrounding cities, and the Greater Los Angeles Area. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. Long Beach is a diverse city in Southern California with a strong economy and a lively cultural scene. It attracts a diverse population of tenants due to its job opportunities, music festivals, cultural celebrations, sporting events, and natural attractions such as beaches and parks. The property features a total of 7 studio units as well as 4 one bedroom units. One bedroom and studio units are often easier to rent out than larger units, allowing them to experience shorter vacancy periods. One of the most attractive attributes of the property is the fact that the building can be delivered partially vacant (call Listing Agent for details). By being delivered with some vacancies, an investor looking to improve the units can do so immediately, and not have to deal with all of the hassles associated with vacating units. Overall, 425 Daisy Ave is an exceptional investment opportunity for those looking to acquire a quality multi-family property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.
425 Daisy is an 11-unit apartment building located in Long Beach, California. Constructed in 1912, the subject property contains 4,824 rentable square feet which is located on a 7,538 square foot lot. The building consists of (7) studios and (4) one bedroom + one bathroom units. The subject property is located in Downtown Long Beach, just three blocks east of Cesar Chavez Park. With a very walkable score of 83, this location has easy access to all the fine dining, retail shopping, and other businesses that Downtown Long Beach has to offer. The property is in extremely close proximity to numerous freeways, especially the 710, but also 110, 405, 105, and 91 Freeways. The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Long Beach, surrounding cities, and the Greater Los Angeles Area. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. Long Beach is a diverse city in Southern California with a strong economy and a lively cultural scene. It attracts a diverse population of tenants due to its job opportunities, music festivals, cultural celebrations, sporting events, and natural attractions such as beaches and parks. The property features a total of 7 studio units as well as 4 one bedroom units. One bedroom and studio units are often easier to rent out than larger units, allowing them to experience shorter vacancy periods. One of the most attractive attributes of the property is the fact that the building can be delivered partially vacant (call Listing Agent for details). By being delivered with some vacancies, an investor looking to improve the units can do so immediately, and not have to deal with all of the hassles associated with vacating units. Overall, 425 Daisy Ave is an exceptional investment opportunity for those looking to acquire a quality multi-family property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.

Property details

House

1 total stories

Built in 1912

4824 total building sqft

No Common Walls

Community

Sidewalks

Expenses

Electric Expense: $3,648

Insurance Expense: $3,453

Maintenance Expense: $7,200

Operating Expense: $61,323

Other Expense: $41,109

Pest Control Expense: $948

Water Sewer Expense: $3,000

Income

Gross Income: 134625

Gross Scheduled Income: 202008

Net Operating Income: 134625

Listing

Listing ID: PW23109726

Property Subtype: Apartment

10 days on market

Listed on 2023-06-20

Rent controlled

Location

County: Los Angeles

Lot

7538 sqft

0.173 acres

Area: 7538

Level

Parking

6 open parking spaces

6 total parking spaces

Property

Single building

11 units

Sewer

Public Sewer

Taxes

New Taxes: $26,517

Utilities

0 separate electric meters

0 separate gas meters

0 separate water meters

Monthly cost

Estimated monthly cost

$14,210/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,096,200

+$66,900

$2,163,100

Seller agent commission$66,900 (3%)*

$0 (0%)

Buyer agent commission$66,900 (3%)*

$66,900 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: Aug 8, 2023 at 4:34 p.m.

Data updated: Jun 30, 2023 at 6:05 p.m.

Property listed by Justin White, Justin White
Based on information from California Regional Multiple Listing Service, Inc. as of 06/30/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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