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

Sale Details

Date Sold: October 24, 2023

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

7 Days on Market

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 in unit

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2025
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,560,000
Interest Rate
0.0619%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 18, 2023
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$3,900,000
Sold Price
$3,800,000
Premium/Discount to List
-$100,000
-2.56%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,007,050
Interest Rate
0.0712%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 9, 2017
Closed on
May 23, 2017
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$3,400,000
Sold Price
$3,325,000
Premium/Discount to List
-$75,000
-2.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%

Purchase Details

Closed on
Apr 1, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,856,250
Interest Rate
0.0361%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 25, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,856,250
Interest Rate
0.0361%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 30, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,856,250
Interest Rate
0.0361%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 26, 2012
Closed on
Feb 14, 2013
Sold by
Bought by
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
Kevin King
Marcus & Millichap
List Price
$2,100,000
Sold Price
$2,000,000
Premium/Discount to List
-$100,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
0.0334%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
0.0334%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,185,000
Interest Rate
0.0611%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 8, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$3,200,000 Fidelity National Title
$3,800,000 Stewart Title
$3,325,000 First American Title Company
-- None Available
-- First American Title Company
$2,475,000 First American Title Company
$2,000,000 Fidelity National Title Co
$2,000,000 Fidelity National Title Co
-- First American Title Ins Co
-- Commonwealth Title
$325,000 Commonwealth Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $2,560,000
Closed $3,007,050
Previous Owner $1,856,250
Previous Owner $1,856,250
Previous Owner $1,500,000
Previous Owner $1,500,000
Previous Owner $1,185,000
Previous Owner $490,000
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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