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$ 1,895,000
Est. payment | /mo
4,144 SqFt
$ 1,895,000
Est. payment | /mo
4,144 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,144 sqft
Price per Sqft $457
MLS Listing ID CL26645267
HOA Y/N No
Year Built 1910
Lot Size 7,474 Sqft
Acres 0.1716
Property Sub-Type Other
Property Description
Huge Price Improvement! Prime Downtown Long Beach 7-Unit Multifamily | 528 Daisy Avenue is a well-maintained 7-unit multifamily property located in the heart of Downtown Long Beach with a Walk Score of 89. The asset benefits from strong tenant demand due to proximity to the Civic Center, dining, retail, and major transit corridors. The property features a highly desirable unit mix, primarily spacious 1-bedroom units, complemented by 2-bedroom units, a studio, and a newly added 3-bedroom unit, enhancing both income and long-term appeal. Several units have been tastefully updated, offering a low-maintenance, turnkey investment with minimal near-term capital needs. Offered at an attractive 6% cap rate and 11.7 GRM, 528 Daisy Avenue provides in-place cash flow with upside through continued rent optimization. A rare opportunity to acquire a stabilized asset in one of Long Beach's most walkable and in-demand rental submarkets.
Location
State CA
County Los Angeles
Zoning LBPD30
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 7278021034
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Listed by Armin Soleimani • Global Platinum Properties, Inc.
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