1208 Daisy Avenue, Long Beach, CA 90813
Local realty services provided by:CENTURY 21 Experience
1208 Daisy Avenue,Long Beach, CA 90813
$2,049,000
- 2 Beds
- 12 Baths
- 5,036 sq. ft.
- Multi-family
- Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26859339
Source:CRMLS
Price summary
- Price:$2,049,000
- Price per sq. ft.:$406.87
About this home
PRICED TO SELL - 9.6 GRM AND 6.5% CAP. EARN OVER A 9% CASH ON CASH RETURN. 12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking. The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games. Excellent lender financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down....
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Home facts
- Year built:1923
- Listing ID #:26859339
- Added:1 day(s) ago
- Updated:July 15, 2026 at 02:45 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:12
- Living area:5,036 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1923
- Building area:5,036 sq. ft.
- Lot area:0.17 Acres
- Levels:1 Story
Finances and disclosures
- Price:$2,049,000
- Price per sq. ft.:$406.87
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