528 Daisy AVE, Long Beach, CA 90802
528 Daisy AVE, Long Beach, CA 90802
528 Daisy AVE, Long Beach, CA 90802
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,895,000
Est. payment /mo
9 Beds
8 Baths
4,144 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,144 sqft

Price per Sqft $457

MLS Listing ID 26645267

Bedrooms 9

HOA Y/N No

Year Built 1910

Lot Size 7,474 Sqft

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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7278021034

Special Listing Condition Standard

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Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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