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Sold for $2,100,000
  • Listing Provided by: Justin White
    Bought with: None MRML
    $2,100,000

    425 Daisy Ave, Long Beach, CA 90802

    4beds
    7baths
    4,824sqft
    Multi Family
    Built in 1912
    -- sqft lot
    $1,246,400 Zestimate®
    $435/sqft
    $3,389 Estimated rent

    Home value

    $1,246,400

    $1.07M - $1.41M

    $3,389/mo

    Zestimate® history
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    What's special

    Cultural celebrationsStrong economyMusic festivalsSporting eventsRetail shopping
    425 Daisy is an 11-unit apartment building located in Long Beach, California. Constructed in 1912, the subject property contains 4,824 rentable square feet which is located on a 7,538 square foot lot. The building consists of (7) studios and (4) one bedroom + one bathroom units. The subject property is located in Downtown Long Beach, just three blocks east of Cesar Chavez Park. With a very walkable score of 83, this location has easy access to all the fine dining, retail shopping, and other businesses that Downtown Long Beach has to offer. The property is in extremely close proximity to numerous freeways, especially the 710, but also 110, 405, 105, and 91 Freeways. The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Long Beach, surrounding cities, and the Greater Los Angeles Area. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. Long Beach is a diverse city in Southern California with a strong economy and a lively cultural scene. It attracts a diverse population of tenants due to its job opportunities, music festivals, cultural celebrations, sporting events, and natural attractions such as beaches and parks. The property features a total of 7 studio units as well as 4 one bedroom units. One bedroom and studio units are often easier to rent out than larger units, allowing them to experience shorter vacancy periods. One of the most attractive attributes of the property is the fact that the building can be delivered partially vacant (call Listing Agent for details). By being delivered with some vacancies, an investor looking to improve the units can do so immediately, and not have to deal with all of the hassles associated with vacating units. Overall, 425 Daisy Ave is an exceptional investment opportunity for those looking to acquire a quality multi-family property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Justin White DRE #01267826 714-231-2537,

    Justin White

    Bought with:

    NONE NONE, DRE #N/A

    None MRML

    Source: CRMLS,MLS#: PW23109726MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 7
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,824
    • Total interior livable area: 4,824 sqft

    Property

    Parking
    • Total spaces: 6
    • Uncovered spaces: 6
    Features
    • Entry location: -
    • Pool features: None
    Lot
    • Size: 7,538 sqft
    • Features: Level
    Details
    • Parcel number: 7278025019
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Long Beach

    HOA & financial

    Other financial information
    • Total actual rent: 16684

    Other

    Other facts
    • Listing terms: Cash,1031 Exchange,Owner May Carry

    Price history

    DateEventPrice
    8/25/2023Sold$2,100,000-5.8%$435/sqft
    Source: CRMLS #PW23109726 Report a problem
    6/20/2023Listed for sale$2,230,000$462/sqft
    Source: CRMLS #PW23109726 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,246,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,246,400