528 Daisy Ave, Long Beach, CA 90802
- $1,895,000
- 9
- BD
- 8
- BA
- 4,144
- SqFt
- List Price
- $1,895,000
- Price Change
- ▼ $100,000 1777518782
- MLS#
- 26645267
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 9
- Bathrooms
- 8
- Living Area
- 4,144
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.
Additional Information
- Year Built
- 1910
- Garage
- Driveway
Mortgage Calculator
Courtesy of Global Platinum Properties, Inc., Armin Soleimani.
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