1208 Daisy Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1208 Daisy Avenue,Long Beach, CA 90813
$1,898,000
  • 2 Beds
  • 12 Baths
  • 5,036 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26104579
Source:CRMLS

Price summary

  • Price:$1,898,000
  • Price per sq. ft.:$376.89

About this home

PRICED TO SELL - 8.9 GRM AND 7.5% CAP. EARN OVER A 10% CASH ON CASH RETURN on in place rents. 12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking. A new owner can level rents to market and be at a 8.7 GRM and 7.8% CAP. The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access...

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Home facts

  • Year built:1923
  • Listing ID #:26104579
  • Added:15 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:12
  • Living area:5,036 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1923
  • Building area:5,036 sq. ft.
  • Lot area:0.17 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$1,898,000
  • Price per sq. ft.:$376.89
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