927 Daisy Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $25,439/month
Total Views
5,990
20
Beds
10
Baths
13,641
Sq Ft
$286
Price per Sq Ft
Highlights
- 0.17 Acre Lot
- Laundry Room
- Level Lot
- No HOA
- 8 Car Garage
- 3-minute walk to Drake Park
About This Home
This updated 16-unit apartment community is now fully occupied and boasts a current CAP rate of 6.51%. All units have 2-bed, 1-bath floor plans. Nine of the 16 units were recently renovated – four of which were partially updated, and the other five were remodeled top-to-bottom with new paint, flooring, lighting, and brand new kitchen and bathroom finishes. Recent exterior upgrades include a new roof, new exterior railings, improved decks and walkways and select window replacements. This property also offers additional income potential with architectural plans to convert 8 garage spaces into 4 ADUs - the current owner passed the pre-planning stage with the City. More building features include a controlled-access gate for extra privacy and security and a community laundry room. This apartment community is located in a residential yet walkable pocket of Southwest Long Beach, near the heart of Downtown and the East Village Arts District.
Listing Agent
eXp Realty of California, Inc. Brokerage Email: Jeff@kimrealtygroup.com License #01959539 Listed on: 11/14/2024
Co-Listing Agent
eXp Realty of California, Inc. Brokerage Email: Jeff@kimrealtygroup.com License #01992613
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 7,559 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 8 Car Garage
- Parking Available
- On-Street Parking
Home Design
- Property Attached
Interior Spaces
- 13,641 Sq Ft Home
- 3-Story Property
- Electric Range
- Laundry Room
Bedrooms and Bathrooms
- 20 Bedrooms
- 10 Bathrooms
Additional Features
- Urban Location
- No Heating
Listing and Financial Details
- Legal Lot and Block 11 / I/11
- Tax Tract Number 11
- Assessor Parcel Number 7271021044
- $3,133 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 16 Units
Amenities
- Laundry Facilities
Building Details
- 16 Leased Units
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $20,097
- Professional Management Expense $13,623
- Trash Expense $13,025
- Water Sewer Expense $3,217
- New Taxes Expense $46,750
- Operating Expense $129,658
- Gross Income $384,252
- Net Operating Income $253,958
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/08/2025 01/08/25 | Price Changed | $3,900,000 | -4.9% | $286 / Sq Ft |
| 12/15/2024 12/15/24 | For Sale | $4,100,000 | 0.0% | $301 / Sq Ft |
| 11/26/2024 11/26/24 | Pending | -- | -- | -- |
| 11/14/2024 11/14/24 | For Sale | $4,100,000 | 0.0% | $301 / Sq Ft |
| 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 |
| 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 |
| 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)
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2407022
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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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