M
Seller's Agent in 2016
Michael Borba
Borba Investment Realty
(562) 924-3858
10 Total Sales
1167 Daisy Ave Long Beach, CA 90813
Willmore Neighborhood
8
Beds
6
Baths
6,168
Sq Ft
7,362
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- Level Lot
- Wall Furnace
- Laundry Room
About This Home
As of April 2016Buyers looking for a well-maintained and upgraded property will find this a gem of an investment with nearly 10% upside in rents. The property boasts 6,168 square feet with an excellent unit mix of six two-bedroom/one-bath units and four one-bedroom/one-bath units. Many units have been renovated with hardwood floors, new granite countertops, a brushed steel gas range, newly tiled bathrooms and a fresh coat of paint. The exterior is newly painted and stuccoed and the garden blooms freshly grounded palm trees. The property is located in a strong rental market where tenants enjoy the convenience of Downtown and Belmont Shore access to shopping, dining, entertaining and employment. Owners enjoy the high demand for rentals in this coastal city. The city of Long Beach continues to evolve and is experiencing a $2.2 billion redevelopment with the new Civic Center. The Long Beach Civic Center is estimated to be completed in 2019 and will include a new City Hall, Port of Long Beach headquarters, and multi-family residential units. Long Beach continues its ability to attract renters due to its growth, economy, and quality of life.
Last Agent to Sell the Property
Borba Investment Realty License #01380572 Listed on: 12/01/2015
Last Buyer's Agent
OUT OF AREA OUT OF AREA
OUT OF AREA
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 7,367 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 6 Parking Spaces
Home Design
- 6,168 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 11
- Assessor Parcel Number 7271019029
Community Details
Overview
- 10 Units
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $656
- Gardener Expense $720
- Insurance Expense $3,000
- Maintenance Expense $6,680
- Professional Management Expense $6,680
- Trash Expense $2,904
- Water Sewer Expense $4,152
- New Taxes Expense $20,350
- Gross Income $11,709
- Net Operating Income $89,604
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2016 04/11/16 | Sold | $1,750,000 | -6.4% | $284 / Sq Ft | |
| 02/08/2016 02/08/16 | Pending | -- | -- | -- | |
| 12/01/2015 12/01/15 | For Sale | $1,869,000 | +76.3% | $303 / Sq Ft | |
| 01/04/2013 01/04/13 | Sold | $1,060,000 | -3.6% | $172 / Sq Ft | View Prior Sale |
| 11/19/2012 11/19/12 | Pending | -- | -- | -- | |
| 10/26/2012 10/26/12 | For Sale | $1,100,000 | -- | $178 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $27,089 | $2,071,640 | $1,450,149 | $621,491 |
| 2024 | $27,089 | $2,031,020 | $1,421,715 | $609,305 |
| 2023 | $26,622 | $1,991,197 | $1,393,839 | $597,358 |
| 2022 | $24,997 | $1,952,155 | $1,366,509 | $585,646 |
| 2021 | $24,479 | $1,913,878 | $1,339,715 | $574,163 |
| 2019 | $24,129 | $1,860,313 | $1,299,979 | $560,334 |
| 2018 | $23,506 | $1,823,900 | $1,274,490 | $549,410 |
| 2016 | $14,145 | $1,102,647 | $769,773 | $332,874 |
| 2015 | $13,595 | $1,086,085 | $758,211 | $327,874 |
| 2014 | $13,541 | $1,064,811 | $743,359 | $321,452 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Borba
-
Sonya Borba
Seller Co-Listing Agent in 2016
Sonya Borba
Borba Investment Realty
(310) 922-2711
2 Total Sales
-
O
Buyer's Agent in 2016
OUT OF AREA OUT OF AREA
OUT OF AREA
-
B
Buyer's Agent in 2016
Brittany Lunney
Elite Real Estate Group
-
B
Buyer's Agent in 2016
Bonnie Bayless
Mammoth Sierra Properties
-
Bobbi McMahon
Buyer's Agent in 2016
Bobbi McMahon
Coldwell Banker Segerstrom
(209) 743-6568
155 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS15255677
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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