927 Daisy Avenue

Long Beach, CA 90813

$4,100,000
Price
30
Beds
1
Bath
13,641 Sq. Ft.
$301 / Sq. Ft.
13,641
Sq. Ft.
$301
per Sq. Ft.

Description

Updated inside and out, this 16-unit apartment community boasts a desirable unit mix of all 2-bedroom and 1-bathroom units. Featuring a new roof, new exterior railings, improved decks and walkways, select window replacements, and 9 recently renovated unit interiors, this property is well-maintained and ready for a smooth transition to the next owner. Five units were recently remodeled top to bottom with new paint, flooring, light fixtures, brand new kitchens and bathroom finishes. Four additional...Updated inside and out, this 16-unit apartment community boasts a desirable unit mix of all 2-bedroom and 1-bathroom units. Featuring a new roof, new exterior railings, improved decks and walkways, select window replacements, and 9 recently renovated unit interiors, this property is well-maintained and ready for a smooth transition to the next owner. Five units were recently remodeled top to bottom with new paint, flooring, light fixtures, brand new kitchens and bathroom finishes. Four additional units have been partially updated. This property offers additional income potential with architectural plans to convert 8 garage spaces into 4 ADUs in progress - current Owner already passed the pre-planning stage with the City. All existing units are metered separately. 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. At 100% occupancy, this property has a CAP rate of 5.52%, not including the proposed ADUs. This apartment community is located near East Village Arts District and Downtown Long Beach where you will enjoy the variety of local parks, restaurants, cafes, and so much more.
  1. Listed by Jeff Kim • DRE #01959539 • Brokerage DRE #01878277 • eXp Realty of California, Inc. • Jeff@kimrealtygroup.com
  2. Listed by Kathryn Deuth • DRE #01992613 • Brokerage DRE #01878277 • eXp Realty of California, Inc.

Property Details for 927 Daisy Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
13641
Assessor Parcel Number
7271-021-044
Property Attached YN
true
LISTING UPDATED: 12/18/2024 11:33 AM

Property Details for 927 Daisy Avenue

StatusActive
MLS #PTP2407022
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.17 AC / 7,559 SF
CountyLos Angeles County

Building Information for 927 Daisy Avenue

Stories3Residences-Year Built1964Building Size-Lot Size0.17 AC / 7,559 SF

Property Information for 927 Daisy Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $253,151
  • Gross Scheduled Income: $349,466
  • Net Operating Income: $123,493
  • Cap Rate: 5.52
Expense Details
  • Operating Expense: $129,658
  • New Taxes Expense: $46,750
  • Insurance Expense: $20,097
  • Professional Management Expense: $13,623
  • Trash Expense: $13,025
  • Water Sewer Expense: $3,217
  • Total Expenses: $129,658
Tax / Assessment Info
  • Tax Block: I/11
  • Tax Tract Number: 11-93
  • CFD/Mello-Roos Fee: $3,133
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: Electric Range, Refrigerator
  • Equipment: Community, Refrigerator
Exterior Features
  • Entry Location: Gound Level
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Garage, On street
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Garage, Street
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 1970
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 1970
  • Unit Type Type: 10
Unit 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 1970
  • Unit Type Type: 11
Unit 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 13
Unit 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1970
  • Unit Type Type: 14
Unit 7
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 15
Unit 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1970
  • Unit Type Type: 2
Unit 9
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1970
  • Unit Type Type: 3
Unit 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 4
Unit 11
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,020
  • Unit Type Total Rent: $2,020
  • Unit Type Pro Forma: 2020
  • Unit Type Type: 5
Unit 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1970
  • Unit Type Type: 6
Unit 13
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 7
Unit 14
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 1970
  • Unit Type Type: 8
Unit 15
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 11
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number With Range: 16
  • Number With Refrigerator: 16

Property History for 927 Daisy Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 927 Daisy Avenue

Taxable ValueLand$2,500,000Additions$1,300,720Total$3,800,720
Tax Record2024$50,270 ($4,189 / month)
Home Facts
Total Finished SqFt13,641 SqFtAbove Grade Finished SqFt13,641 SqFtLot Size7,559 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLBPD10CountyLOS ANGELESAPN7271-021-044

Schools near 927 Daisy Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Edison Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Cabrillo High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 927 Daisy Avenue, Long Beach, CA 90813

927 Daisy Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on November 6, 2024 by eXp Realty of California, Inc., it's currently listed at $4,100,000. It has been on the market for a total of 16 days and was last sold on October 24, 2023. This listing's school district is Long Beach Unified School District. Nearby schools include Edison Elementary School, Washington Middle School and Cabrillo High School. 927 Daisy Avenue is a 30-bed, 1-bath, 13,641 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California, Inc., Jeff Kim, DRE #01959539; eXp Realty of California, Inc., Kathryn Deuth, DRE #01992613

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.