$ 4,100,000
927 Daisy Avenue Long Beach, CA 90813
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Listed by Jeff Kim • eXp Realty of California, Inc.
$ 4,100,000
Est. payment | /mo
13,641 SqFt
$ 4,100,000
Est. payment | /mo
13,641 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,641 sqft
Price per Sqft $300
MLS Listing ID CRPTP2407022
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 7,559 Sqft
Property Description
16-unit apartment community located near the East Village Arts District and Downtown Long Beach where you will enjoy the variety of local parks, restaurants, cafes, and so much more. Each of the (16) units consists of 2 bedrooms and 1 bathroom. (6) of the units have been fully remodeled with updated flooring, modern kitchens, which include stainless steel appliances, updated bathrooms, and modern fixtures throughout. (2) additional units have been partially updated. Seller installed brand new railings, as well as a new roof has been installed. All units are metered separately, and double-pane windows have been installed to increase energy efficiency. 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. Additional income potential to convert the (8) garage spaces into (4) ADUs, seller has architectural plans and permitting in process. The pro-forma CAP rate based off of full occupancy is 5.55%, not including the ADUs.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Level
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