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740 Daisy Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Masters
740 Daisy Avenue,Long Beach, CA 90813
$1,425,000
  • 8 Beds
  • 8 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26853593
Source:CRMLS

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Price summary

  • Price:$1,425,000

About this home

PRICED TO SELL - EARN OVER A 10% RETURN AGAINST IN PLACE RENTS. 9.5 GRM AND 7.0% CAP AGAINST IN PLACE RENTS. 8 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 units with a total of 5 structures on the lot. The property is professionally managed and features an excellent unit mix of studio, 1 and 2 bed units. The property has upside to a 9.1 GRM and 7.5% CAP. The property has parking for 3 cars in the rear of the building. All units have separate water heaters and the electrical subpanels were recently upgraded. The main electrical panel is a 200 AMP Siemens panel (Buyer to verify). All interiors are well maintained and feature laminate flooring, tile in the baths and updated kitchens. The property features a Walkscore of 86 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...

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Home facts

  • Year built:1922
  • Listing ID #:26853593
  • Added:113 day(s) ago
  • Updated:October 31, 2026 at 07:23 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1922
  • Levels:1 Story

Finances and disclosures

  • Price:$1,425,000

Parking

  • Total parking spaces:3
  • Parking description:Assigned
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