$2,800,000 Price Analysis   ♡   Long Beach, CA 90813 12 bed 12 bath 4,604 SqFt ($608/SqFt) 7,440SqFt lot. Built 1921 Listed 2023-10-18, Taxes $16,822 | Ⓧ USDA Ineligible due to price & location near Long Beach |
Please see the Supplements section to access the Offering Memorandum.
Beautiful 1151 Daisy Avenue is a charming 12 unit apartment complex in dynamic downtown Long Beach. This property features a roster of ten standard studios, two loft studios, laundry room and four individual garages.
The building was constructed in 1921, has a rentable area of approximately 4, 604 SQ/FT, is built on a 7, 440 SQ/FT lot and is in absolutely turn-key condition to generate ample amounts of income from day one. All units are also ndividually metered for gas and electricity.
Presented by Scott Burns at
JMS Manage Sell PC.
Property MLS #PW23194545 from CRMLS
Bedrooms: 12
Laundry Features: Common Area
Full Bathrooms: 12
Lot Description: 11-15 Units/Acre
Lot Size Acres: 0.1707989
Lot Size Source: Assessor
Lot Size Square Feet: 7440
Lot Size Acres: 0.1707989
Lot Size Source: Assessor
Lot Size Square Feet: 7440
Garage Spaces: 2
Parking Features: Parking YN: Yes, Parking Features: Garage Faces Rear
Parking Total: 4
Parking Features: Parking YN: Yes, Parking Features: Garage Faces Rear
Parking Total: 4
Number of Units: 12
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Calculated Total Monthly Association Fees: 0
Rent Control: Yes
Community Features: Park
Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.60
Source Property Type: Residential Income
Insurance Expense: 6972.00
Area: 4 - Downtown Area, Alamitos Beach
Source Neighborhood: Drake Park (DP)
Number of Separate Electric Meters: 12
Number of Separate Gas Meters: 12
Parcel Number: 7271019031
Postal Code Plus 4: 2839
Professional Management Expense: 10303.00
Subdivision: Drake Park (DP)
Trash Expense: 3692.00
Zoning: LBPD10
Source System Name: C2C
County: Los Angeles
Cap Rate: 4.60
Source Property Type: Residential Income
Insurance Expense: 6972.00
Area: 4 - Downtown Area, Alamitos Beach
Source Neighborhood: Drake Park (DP)
Number of Separate Electric Meters: 12
Number of Separate Gas Meters: 12
Parcel Number: 7271019031
Postal Code Plus 4: 2839
Professional Management Expense: 10303.00
Subdivision: Drake Park (DP)
Trash Expense: 3692.00
Zoning: LBPD10
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $440,628 + $814,327 $1,254,955 | $16,822 |
| 2021 | $431,989 + $798,360 $1,230,349 | $16,454 |
| 2020 | $427,560 + $790,174 $1,217,734 | $16,412 |
| 2019 | $419,177 + $774,681 $1,193,858 | $16,218 |
| 2018 | $410,958 + $759,492 $1,170,450 | $15,745 |
| 2017 | $402,900 + $744,600 $1,147,500 | $15,575 |
| 2016 | $297,211 + $556,942 $854,153 | $11,379 |
| 2015 | $292,747 + $548,577 $841,324 | $10,945 |
| 2014 | $287,013 + $537,832 $824,845 | $10,927 |
| 2013 | $285,716 + $535,402 $821,118 | $10,605 |
| 2012 | $280,114 + $524,904 $805,018 | $10,756 |
| 2010 | $349,245 + $559,229 $908,474 | $11,548 |
| 2009 | $347,459 + $556,369 $903,828 | $11,434 |
| 2009 | $346,635 + $555,050 $901,685 | $11,434 |
| 2008 | $340,647 + $545,460 $886,107 | $10,649 |
| 2007 | $333,968 + $534,765 $868,733 | $10,352 |
Listed 2023-10-18
$2,800,000
CRMLS
Listing removed 2018-10-19
$1,049,000
CRISNET
Sold 2016-06-09
$1,125,000
Public Record
Listing removed 2014-12-26
$965,000
CRMLS
Price Changed 2014-07-18
$965,000
CRMLS
Listed 2014-06-24
$995,000
CRMLS
Listing removed 2014-05-31
$1,049,000
CRISNET
Price Changed 2014-05-01
$1,049,000
CRISNET
Listed 2014-04-11
$1,080,000
CRISNET
Listing removed 2008-11-14
$950,000
SoCalMLS
Listed 2008-01-02
$950,000
SoCalMLS
Sold 2005-06-06
$835,000
Public Record
Sold 2000-03-09
$247,500
Public Record
Sold 1997-01-03
$130,000
Public Record
$2,800,000
CRMLS
Listing removed 2018-10-19
$1,049,000
CRISNET
Sold 2016-06-09
$1,125,000
Public Record
Listing removed 2014-12-26
$965,000
CRMLS
Price Changed 2014-07-18
$965,000
CRMLS
Listed 2014-06-24
$995,000
CRMLS
Listing removed 2014-05-31
$1,049,000
CRISNET
Price Changed 2014-05-01
$1,049,000
CRISNET
Listed 2014-04-11
$1,080,000
CRISNET
Listing removed 2008-11-14
$950,000
SoCalMLS
Listed 2008-01-02
$950,000
SoCalMLS
Sold 2005-06-06
$835,000
Public Record
Sold 2000-03-09
$247,500
Public Record
Sold 1997-01-03
$130,000
Public Record
Net Operating Income: 132341.00
Total Square Feet Living: 4604
Year Built: 1921
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Improvements: 265000
Property Age: 103
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Public Records
Year Built: 1921
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Improvements: 265000
Property Age: 103
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Public Records
Sewer: Sewer: Public Sewer, Water Sewer Expense: 7384.00
Water Source: Public
Water Source: Public
Washington Middle School is a public middle school located approximately 0.4 miles away.
Map directions
Map directionsEdison Elementary School is a public elementary school located approximately 0.5 miles away.
Map directions
Map directionsCabrillo High School is a public high school located approximately 1.3 miles away.
Map directions
Map directionsRegency High School is a private middle and high school located approximately 0.2 miles away.
Map directions
Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.