927 Daisy Avenue, Long Beach, CA 90813

$3,900,000 Approx. USD 0 beds, 0 baths

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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# PTP2407022

List price is $3,900,000 Reduced by $200,000 on 1/9/2025

Price: $3,900,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1964

0.17 acres

Lot size: 0.1735