NOT LISTED FOR SALE

1208 Daisy Ave Long Beach, CA 90813

Willmore Neighborhood
10 Beds
10 Baths
5,036 Sq Ft
7,423 Sq Ft Lot

Last Sold January 25, 2016

Last sale price $1,370,000 $272 Per Sq Ft

24 Days on Market

Highlights

  • 0.17 Acre Lot
  • Laundry Room
  • Wall Furnace

About This Home

As of January 2016

The subject property consists of 10 single/one-bath units with full kitchens and two, one-bedroom/one-bath units. This investment presents a stable, low expense, turn-key opportunity with a 6% Cap Rate on the current income. The building was recently extensively renovated and upgraded. Some of the upgrades include but are not limited to: new cabinetry, new Pex plumbing, new countertops, new fixtures, new windows, new bathrooms, new appliances, and new floors. There is also an on-site laundry room for tenants convenience.

Last Agent to Sell the Property

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951 Listed on: 11/06/2015

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951 Listed on: 11/06/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,423 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Home Design

  • 5,036 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • Gas Range
  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 10
  • Assessor Parcel Number 7272003006

Community Details

Building Details

  • 12 Leased Units
  • 13 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $2,700
  • Maintenance Expense $5,500
  • Supplies Expense $2,100
  • Trash Expense $2,000
  • Water Sewer Expense $3,500
  • New Taxes Expense $16,500
  • Gross Income $10,200
  • Net Operating Income $84,000

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 6.02
  • Price Per Unit: 116250
  • Property Attached: Yes
  • Supplies Expense: 2100.00
  • Water Sewer Expenses: 3500.00
  • Property Type: Residential Income
  • Parcel Number: 7272003006
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 272.04

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7423.00
  • Price Per Lot Square Foot: 184.56
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 10200.00
  • Gross Multiplier: 11.40
  • Gross Scheduled Income: 122400.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 7423.0000 Square Feet
  • Maintenance Expense: 5500.00
  • Net Operating Income: 84000.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 34800.00
  • Rent Control: No
  • Total Actual Rent: 10000.00

Tax Info

  • New Taxes Expense: 16500.00
  • Tax Lot: 10

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2016 01/25/16 Sold $1,370,000 -1.8% $272 / Sq Ft
11/30/2015 11/30/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $1,395,000 -- $277 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Bassirpou

    Seller's Agent in 2016

    Greg Bassirpou

    Marcus & Millichap RE Invest

    (949) 419-3269

    33 Total Sales

    Greg Bassirpou
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15244305

California Regional Multiple Listing Service (CRMLS)

APN: 7272-003-006

California Los Angeles County Long Beach 90813 Willmore

1208 Daisy Ave, Long Beach, CA

This home is located at 1208 Daisy Ave, Long Beach, CA 90813 since 06 November 2015. This property was built in 1923. 1208 Daisy Ave is a home located in Los Angeles County with nearby schools including Edison Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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California Regional Multiple Listing Service (CRMLS) 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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