NOT LISTED FOR SALE
-- Bed
3 Baths
3,520 Sq Ft
2,256 Sq Ft

Last Sold June 25, 2019

Last sale price $1,680,000 $477 Per Sq Ft

91 Days on Market

About This Home

As of June 2019

We are pleased to offer 322 Daisy Avenue, an 8-unit apartment investment opportunity located in the heart of Downtown Long Beach. The offering at 322 Daisy is located just steps from what the best the city of Long Beach has to offer with endless shops, dinning and entertainment. 322 Daisy offers a near perfect walk score of 90, and excellent transit score of 77, allowing tenants to move throughout the city with ease. The investment opportunity has recently been extensively renovated inside and out. The exterior features new paint and new vinyl windows while interiors receive new vinyl wood plank flooring, new paint, new kitchens and new bathrooms. Perfectly renovated and located, 322 Daisy Avenue is an excellent investment opportunity to own in the heart of Downtown Long Beach.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 02/12/2019

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,257 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 3,520 Sq Ft Home

Additional Features

  • 3 Bathrooms
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 5759
  • Assessor Parcel Number 7278022034

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $7,603
  • Other Expense $2,000
  • New Taxes Expense $21,875
  • Operating Expense $33,838
  • Gross Income $122,918
  • Net Operating Income $89,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

2,257 Sq Ft Lot

Listing Details

  • CapRate: 5.10
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBPD30
  • Property Type: Residential Income
  • Parcel Number: 7278022034
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 477.27

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 2257.00
  • Lot Size Acres: 0.0518

Multi Family

  • Gross Multiplier: 13.81
  • Gross Operating Income: 122918.00
  • Gross Scheduled Income: 126720.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 2257.0000 Square Feet
  • Maintenance Expense: 7603.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 89080.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 33838.00
  • Operating Expense Percent: 26.70
  • Other Expense: 2000.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 33838.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21875.00
  • Tax Census Tract: 5759.01
  • Tax Lot: 17
  • Tax Tract Number: 5759
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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 List to Sale Price per Sq Ft
06/25/2019 06/25/19 Sold $1,680,000 -4.0% $477 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $1,750,000 -- $497 / 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 $24,092 $1,874,067 $1,115,517 $758,550
2024 $24,092 $1,837,322 $1,093,645 $743,677
2023 $23,676 $1,801,297 $1,072,201 $729,096
2022 $22,214 $1,765,978 $1,051,178 $714,800
2021 $21,767 $1,731,352 $1,030,567 $700,785
2019 $13,468 $1,020,640 $714,000 $306,640
2018 $3,534 $203,564 $62,428 $141,136
2016 $3,257 $195,046 $60,004 $135,042
2015 $3,149 $192,117 $59,103 $133,014
2014 $3,173 $188,355 $57,946 $130,409
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19032818

California Regional Multiple Listing Service (CRMLS)
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