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927 Daisy Ave
For Sale $3,900,000
$3,900,000
- 16 Units
- Unknown Sq Ft
- 7,559 Sq Ft
- Unknown Cap Rate
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,900,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 8 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7271021044 |
| MLS # | PTP2407022 |
| Property ID | 319783043 |
| Lot Sqft | 7,559 |
| Zoning | Commercial |
| Total Units | 16 |
| Days on Market | 410 |
| Original List Price | $4,100,000 |
| Applicances | Electric Range,Refrigerator% |
| Date Updated | June 09, 2025 |
| Date Created | November 06, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $32,021 | $0 |
| Net Income (Yr) | $ 253,958 |
| Cap Rate | 6.51% |
Listing Provided By
Jeff Kim an agent of eXp Realty of California, Inc.. Lic #01959539
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 09, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT