528 Daisy Avenue, Long Beach, CA 90802
- $1,895,000
- 9
- BD
- 8
- BA
- 4,144
- SqFt
- List Price
- $1,895,000
- Price Change
- ▼ $100,000 1777519222
- Status
- ACTIVE
- MLS#
- 26645267
- Year Built
- 1910
- Bedrooms
- 9
- Bathrooms
- 8
- Living Sq. Ft
- 4,144
- Lot Size
- 7,474
- Acres
- 0.17
- Days on Market
- 181
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Huge Price Improvement! Prime Downtown Long Beach 7-Unit Multifamily | 528 Daisy Avenue is a well-maintained 7-unit multifamily property located in the heart of Downtown Long Beach with a Walk Score of 89. The asset benefits from strong tenant demand due to proximity to the Civic Center, dining, retail, and major transit corridors. The property features a highly desirable unit mix, primarily spacious 1-bedroom units, complemented by 2-bedroom units, a studio, and a newly added 3-bedroom unit, enhancing both income and long-term appeal. Several units have been tastefully updated, offering a low-maintenance, turnkey investment with minimal near-term capital needs. Offered at an attractive 6% cap rate and 11.7 GRM, 528 Daisy Avenue provides in-place cash flow with upside through continued rent optimization. A rare opportunity to acquire a stabilized asset in one of Long Beach's most walkable and in-demand rental submarkets.
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Additional Information
- Heat
- None
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 7
Listing courtesy of Listing Agent: Armin Soleimani (arminsoleimani@gmail.com) from Listing Office: Global Platinum Properties, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.