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740-746 Daisy Ave
Long Beach, CA 90813 Downtown Long Beach

$1,459,000 USD

Apartments For Sale • 3,440 SF

Property Details

Property Type Apartments
Total Building Size 3,440 SF
Lot Size 0.17 AC
Building Class C
Year Built 1922
Cap Rate 6.80 %
Zoning LBPD10

60 Transit Score

70 Walk Score

                
                    Highlights
                
                                EARN AN 11.0% RETURN AGAINST IN PLACE RENTS. PRICED TO SELL AT 9.6 GRM AND 6.8% CAP.
                            
                                Excellent lender financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down.
                            
                                The property has upside to a 9.1 GRM and 7.3% CAP. 
                            
                                EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM. 
                            
                                Located blocks from Downtown Long Beach where over $8BB in Redevelopment has occured. 
                            
                                All units nicely updated with modern kitchens, bath and flooring.

Financial Summary

Cap Rate:

6.80 %

Amenities

Air Conditioning
Balcony
Laundry Facilities

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	12 min	-	7.0 mi
Los Angeles International	30 min	-	21.3 mi
John Wayne/Orange County	34 min	-	27.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Jon Swire 310-948-2631 The Agency

740-746 Daisy Ave Long Beach, CA 90813 Downtown Long Beach