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Long Beach, CA 90813 1151 Daisy Avenue

$2,800,000

1151 Daisy Avenue Long Beach, Ca - Image 11151 Daisy Avenue Long Beach, Ca - Image 21151 Daisy Avenue Long Beach, Ca - Image 3
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Presented By: Scott Burns with JMS Manage Sell PC; sburns@jmsred.com
  • MLS# PW23194545
  • 10/18/2023
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  • BedBeds • 12
  • BathBaths • 7
  • FootageSQFT • 4,604
  • GarageGarage • 4

Home Details

Please see the Supplements section to access the Offering Memorandum. Beautiful 1151 Daisy Avenue is a charming 12 unit apartment complex in dynamic downtown Long Beach. This property features a roster of ten standard studios, two loft studios, laundry room, and four individual garages. The building was constructed in 1921, has a rentable area of approximately 4,604 SQ/FT, is built on a 7,440 SQ/FT lot, and is in absolutely turn-key condition to generate ample amounts of income from day one. All units are also individually metered for gas and electricity.
Presented By: Scott Burns with JMS Manage Sell PC; sburns@jmsred.com

Interior Features for 1151 Daisy Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 1151 Daisy Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.6
Carport Y/NNo
CityLong Beach
Community FeaturesPark
CountyLos Angeles
Days on Market23
DirectionsBetween Anaheim Street and 11th Street on Daisy Avenue
Entry Location1
Garage Spaces4.0
Garage Y/NYes
Gross Income209516.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense6972.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet7440.0
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income132341.0
New ConstructionNo
Operating Expense67382.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameDaisy
Subdivision NameDrake Park (DP)
Tax Lot13
Total Units12
Trash Expense3692.0
View Y/NNo
Water Sewer Expense7384.0
Waterfront Y/NNo
Year Built1921
Year Built SourcePublicRecords
ZoningLBPD10

Exterior for 1151 Daisy Avenue

Building Area Total4604.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1115UnitsAcre
Lot Size Acres0.1708
Lot Size Area7440.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters12
Number of Separate Gas Meters12
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesGarageFacesRear
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,800,000
MLS#PW23194545
List Date 10/18/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors