927 Daisy AVE Active

Long Beach,CA 90813

$ 3900000

- Bed

0 Bath

13641 SqFt


Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,641 sqft

Price per Sqft $285

MLS Listing ID PTP2407022

HOA Y/N No

Year Built 1964

Lot Size 7,557 Sqft

Acres 0.1735

Property Description

This updated 16-unit apartment community is now fully occupied and boasts a current CAP rate of 6.51%. All units have 2-bed, 1-bath floor plans. Nine of the 16 units were recently renovated – four of which were partially updated, and the other five were remodeled top-to-bottom with new paint, flooring, lighting, and brand new kitchen and bathroom finishes. Recent exterior upgrades include a new roof, new exterior railings, improved decks and walkways and select window replacements. This property also offers additional income potential with architectural plans to convert 8 garage spaces into 4 ADUs - the current owner passed the pre-planning stage with the City. More building features include a controlled-access gate for extra privacy and security and a community laundry room. This apartment community is located in a residential yet walkable pocket of Southwest Long Beach, near the heart of Downtown and the East Village Arts District.

Location

State CA

County Los Angeles

Area 197 - Long Beach

Zoning Commercial

Interior

Appliance Electric Range,Refrigerator

Laundry Community

Exterior

Parking Features Garage,Street

Garage Spaces 8.0

Pool None

Community Features Curbs,Sidewalks,Urban

Private Pool No

Building

Lot Description Level

Story 3

Sewer Public Sewer

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

TERMS Cash,Conventional

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Katie Deuth 253.261.6359

SHOW CONTACT PH 253.261.6359

SHOW INSTRUCTIONS Shown only with a Letter of Intent or accepted offer. Please DO NOT disturb tenants.

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