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740 Daisy Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Coastal Properties
740 Daisy Avenue,Long Beach, CA 90813
$1,459,000
  • 8 Beds
  • 8 Baths
  • 3,440 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26853593
Source:CRMLS

Price summary

  • Price:$1,459,000
  • Price per sq. ft.:$424.13

About this home

PRICED TO SELL - EARN AN 11.0% RETURN AGAINST IN PLACE RENTS. 9.6 GRM AND 6.8% 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 7.3% 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:17 day(s) ago
  • Updated:July 27, 2026 at 10:52 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:8
  • Living area:3,440 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1922
  • Building area:3,440 sq. ft.
  • Lot area:0.17 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$1,459,000
  • Price per sq. ft.:$424.13

Parking

  • Total parking spaces:3
  • Parking description:Assigned
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Coastal Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Coastal Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Jennette Toderick

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