$3,800,000
$3,900,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
7,557 Sqft Lot
SOLD DATE : 10/24/2023
Key Details
Sold Price $3,800,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Willmore District (Wm)
MLS Listing ID PW23149080
Sold Date 10/24/23
HOA Y/N No
Year Built 1964
Lot Size 7,557 Sqft
Property Description
927 Daisy Avenue is a 16-unit apartment property in Long Beach, California, adjacent to the vibrant East Village Arts District and Downtown. The controlled-access, all-electric, separately-metered building features sixteen (16) 2BD / 1 BA units. Two (2) of the units are fully remodeled with new flooring, kitchens, stainless steel appliances, new bathrooms and modern fixtures and finishes. Double-pane windows are installed throughout the building for additional energy efficiency. An onsite laundry / storage room provides extra income, and the eight (8) garages offer the opportunity for ADU conversion for additional income. 927 Daisy Avenue is priced at 11.23 GRM and 5.54% cap rate at current rents.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD10
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7271021044
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Trey Mitchell • CB Richard Ellis, Inc.
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Broker Associate | Lic# 00870450