927 Daisy Avenue, Long Beach, CA 90813

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$3,900,000

Est. payment - /mo

8 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2407022

Bedrooms 8

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Cross St: W 10th

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 7271021044

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Listed by Jeff Kim eXp Realty of California, Inc.

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927 Daisy Avenue Long Beach, CA 90813