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$3,900,000

Est. payment - /mo

7,557 Sqft Lot

Active

927 Daisy AVE Long Beach, CA 90813

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2407022

HOA Y/N No

Year Built 1964

Lot Size 7,557 Sqft

Lot Dimensions Assessor

Property 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.

Location

State CA

County Los Angeles

Area 197 - Long Beach

Zoning Commercial

Interior

Fireplace No

Appliance Electric Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Garage, On Street

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs, Sidewalks, Urban

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Lot Description Level

Story 3

Entry Level Three Or More

Sewer Public Sewer

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 7271021044

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Jeff Kim • eXp Realty of California, Inc. • Jeff@kimrealtygroup.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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