Seller's Agent in 2023
Justin White
Justin White
(714) 231-2537
1 in this area
46 Total Sales
425 Daisy Ave Long Beach, CA 90802
West Village Neighborhood
3
Beds
7
Baths
4,824
Sq Ft
7,538
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- 1-Story Property
- 4-minute walk to Cesar E Chavez Park
- Level Lot
About This Home
As of August 2023425 Daisy is an 11-unit apartment building located in Long Beach, California. Constructed in 1912, the subject property contains 4,824 rentable square feet which is located on a 7,538 square foot lot. The building consists of (7) studios and (4) one bedroom + one bathroom units.
The subject property is located in Downtown Long Beach, just three blocks east of Cesar Chavez Park. With a very walkable score of 83, this location has easy access to all the fine dining, retail shopping, and other businesses that Downtown Long Beach has to offer. The property is in extremely close proximity to numerous freeways, especially the 710, but also 110, 405, 105, and 91 Freeways.
The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Long Beach, surrounding cities, and the Greater Los Angeles Area. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. Long Beach is a diverse city in Southern California with a strong economy and a lively cultural scene. It attracts a diverse population of tenants due to its job opportunities, music festivals, cultural
celebrations, sporting events, and natural attractions such as beaches and parks.
The property features a total of 7 studio units as well as 4 one bedroom units. One bedroom and studio units are often easier to rent out than larger units, allowing them to experience shorter vacancy periods. One of the most attractive attributes of the property is the fact that the building can be delivered partially vacant (call Listing Agent for details). By being delivered with some vacancies, an investor looking to improve the units can do so immediately, and not have to deal with all of the hassles associated with vacating units.
Overall, 425 Daisy Ave is an exceptional investment opportunity for those looking to acquire a quality multi-family property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.
Property Details
Home Type
- Apartment
Year Built
- Built in 1912
Lot Details
- 7,538 Sq Ft Lot
- No Common Walls
- Level Lot
Interior Spaces
- 4,824 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 7 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Listing and Financial Details
- Assessor Parcel Number 7278025019
Community Details
Overview
- 11 Units
Building Details
- Rent Control
- Electric Expense $3,648
- Insurance Expense $3,453
- Maintenance Expense $7,200
- Other Expense $41,109
- Pest Control $948
- Professional Management Expense $11,942
- Trash Expense $3,000
- Water Sewer Expense $3,000
- New Taxes Expense $26,517
- Operating Expense $61,232
- Gross Income $134,625
- Net Operating Income $134,625
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2023 08/25/23 | Sold | $2,100,000 | -5.8% | $435 / Sq Ft |
| 06/20/2023 06/20/23 | For Sale | $2,230,000 | -- | $462 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2023
NoEmail NoEmail
None MRML
(646) 541-2551
3 in this area
5,796 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23109726
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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