NOT LISTED FOR SALE
2 Beds
1 Bath
13,641 Sq Ft
7,559 Sq Ft Lot Lot

Sale Details

Date Sold: October 24, 2023

Last sale price $3,800,000 $279 Per Sq Ft

7 Days on Market

Highlights

  • 0.17 Acre Lot
  • Laundry Room
  • 2-minute walk to Drake Park

About This Home

As of October 2023

927 Daisy Avenue is a 16-unit apartment property in Long Beach, California, adjacent to the vibrant East Village Arts District and Downtown. The controlled-access, all-electric, separately-metered building features sixteen (16) 2BD / 1 BA units. Two (2) of the units are fully remodeled with new flooring, kitchens, stainless steel appliances, new bathrooms and modern fixtures and finishes. Double-pane windows are installed throughout the building for additional energy efficiency. An onsite laundry / storage room provides extra income, and the eight (8) garages offer the opportunity for ADU conversion for additional income. 927 Daisy Avenue is priced at 11.23 GRM and 5.54% cap rate at current rents.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 08/11/2023

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,559 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 13,641 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Legal Lot and Block 11 / I
  • Tax Tract Number 5758
  • Assessor Parcel Number 7271021044
  • $2,945 per year additional tax assessments

Community Details

Overview

  • 16 Units
  • Willmore District Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 16 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $2,507
  • Gardener Expense $1,200
  • Insurance Expense $12,000
  • Maintenance Expense $11,200
  • Other Expense $4,800
  • Pest Control $1,000
  • Professional Management Expense $24,043
  • Trash Expense $9,789
  • Water Sewer Expense $3,590
  • New Taxes Expense $49,010
  • Operating Expense $120,639
  • Gross Income $336,862
  • Net Operating Income $216,223

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,559 Sq Ft Lot

Parking

8

Listing Details

  • CapRate: 5.54
  • Professional Management Expense: 24043.00
  • Property Attached: Yes
  • Subdivision Name Other: Willmore District (WM)
  • Water Sewer Expenses: 3590.00
  • Zoning: LBPD10
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7271021044
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 278.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1000.00
  • Sewer: Public Sewer
  • Trash Expense: 9789.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 7559.00
  • Lot Size Acres: 0.1735

Multi Family

  • Electric Expense: 2507.00
  • Gross Income: 336862.00
  • Gross Multiplier: 11.23
  • Gross Scheduled Income: 347280.00
  • Insurance Expense: 12000.00
  • Lot Size Area: 7559.0000 Square Feet
  • Maintenance Expense: 11200.00
  • Net Operating Income: 216223.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 120639.00
  • Other Expense: 4800.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 120639.00

Tax Info

  • New Taxes Expense: 49010.00
  • Tax Block: I
  • Tax Census Tract: 5758.01
  • Tax Lot: 11
  • Tax Tract Number: 5758
  • TaxOtherAnnualAssessmentAmount: 2945.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2024 09/03/24 For Rent $2,195 0.0% --
10/24/2023 10/24/23 Sold $3,800,000 -2.6% $279 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $3,900,000 +17.3% $286 / Sq Ft
05/26/2017 05/26/17 Sold $3,325,000 -3.6% $244 / Sq Ft View Prior Sale
05/08/2017 05/08/17 Pending -- -- --
03/22/2017 03/22/17 Price Changed $3,450,000 +1.5% $253 / Sq Ft
02/09/2017 02/09/17 For Sale $3,400,000 +70.0% $249 / Sq Ft
02/15/2013 02/15/13 Sold $2,000,000 -4.8% $147 / Sq Ft View Prior Sale
12/05/2012 12/05/12 Pending -- -- --
10/26/2012 10/26/12 For Sale $2,100,000 -- $154 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $52,601 $3,876,000 $2,550,000 $1,326,000
2024 $50,270 $3,800,000 $2,500,000 $1,300,000
2023 $49,207 $3,709,096 $2,599,157 $1,109,939
2022 $46,194 $3,636,370 $2,548,194 $1,088,176
2021 $45,227 $3,565,070 $2,498,230 $1,066,840
2019 $44,577 $3,460,050 $2,424,132 $1,035,918
2018 $43,499 $3,392,220 $2,376,600 $1,015,620
2016 $31,347 $2,512,743 $1,756,382 $756,361
2015 $25,318 $2,049,220 $1,434,454 $614,766
2014 $25,197 $2,009,080 $1,406,356 $602,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23149080

California Regional Multiple Listing Service (CRMLS)
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