18
See all 18 photos
$3,900,000
Est. payment /mo
7,559 Sqft Lot
Price Dropped by $200K
927 Daisy AVE Long Beach, CA 90813
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UPDATED:
01/08/2025 11:56 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2407022
Originating Board California Regional MLS
Year Built 1964
Lot Size 7,559 Sqft
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
Rooms
Kitchen Oven Range - Electric, Refrigerator
Interior
Laundry Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Garage, Off-Street Parking
Garage Spaces 8.0
Pool None
Building
Lot Description Grade - Level
Story Three or More Stories
Others
Tax ID 7271021044
Special Listing Condition Not Applicable
© 2025 MLSListings Inc. All rights reserved.
Listed by Jeff Kim • eXp Realty of California, Inc.
MORTGAGE CALCULATOR
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