Price Improvement Prime Downtown Long Beach 7-Unit Multifamily 528 Daisy Avenue is a well-maintained 7-unit multifamily property located in the heart of Downtown Long Beach with a Walk Score of 89. The asset benefits from strong tenant demand due to proximity to the Civic Center, dining, retail, and major transit… Read More corridors. The property features a highly desirable unit mix, primarily spacious 1-bedroom units, complemented by 2-bedroom units, a studio, and a newly added 3-bedroom unit, enhancing both income and long-term appeal. Several units have been tastefully updated, offering a low-maintenance, turnkey investment with minimal near-term capital needs. Offered at an attractive 5.6% cap rate and 12.3 GRM, 528 Daisy Avenue provides in-place cash flow with upside through continued rent optimization. A rare opportunity to acquire a stabilized asset in one of Long Beach's most walkable and in-demand rental submarkets. Read Less
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
88
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,144
Lot Size
0.17 Acres
Year Built
1910
MLS Number
26645267
30 Days Snapshot Of 90802
$592k
0%
(avg) sold price
93
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
4,144 sq ft, Built in 1910, Levels: Two
Cooling
None
Disclosures
None
Garage
Driveway
Heating
None
Lot
LotAcreage: 0.1716, LotSizeArea: 7,474
Parking
TotalParking: 0
Property
NumberOfUnits: 7, Zoning: LBPD30
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