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528 Daisy Avenue, Long Beach, CA 90802
Priced at Only: $2,095,000
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Address: 528 Daisy Avenue, Long Beach, CA 90802
Property Location and Similar Properties
- MLS#: 26645267 ( )
- Street Address: 528 Daisy Avenue
- Viewed: 2
- Price: $2,095,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1910
- Bldg sqft: 0
- Days On Market: 4
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90802
- Provided by: Global Platinum Properties, Inc.
- Contact: Armin Armin

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DescriptionWelcome to 528 Daisy Avenue, a well maintained and highly desirable 7 unit multifamily property located in the heart of Downtown Long Beach. With a Walk Score of 89, the property benefits from exceptional tenant demand driven by proximity to downtown amenities, the Civic Center, dining, retail, and major transit corridors.The asset features a strong and highly rentable unit mix consisting primarily of spacious 1 bedroom units, complemented by 2 bedroom units, a studio, and a newly added 3 bedroom unit, bringing the total to seven units and enhancing both income and long term appeal. Several units have been tastefully updated, offering investors a low maintenance, turnkey asset with minimal near term capital requirements. Offered at an attractive 5.3% cap rate and 12.9 GRM, 528 Daisy provides in place cash flow with additional upside through continued rent optimization and lease up of select units. Importantly for Los Angeles based investors, the property is located outside the City of Los Angeles and is not subject to LA's Rent Stabilization Ordinance (RSO), allowing for significantly greater flexibility on rental growth and operations compared to similar assets within LA City. This is a rare opportunity to acquire a stabilized, income producing asset in one of Long Beach's most walkable and high demand rental submarkets.
Features
Building Area Total
- 4144.00
Cooling
- None
Country
- US
Heating
- None
Levels
- Two
Netoperatingincome
- 110301.00
Parcel Number
- 7278021034
Parking Features
- Driveway
Postalcodeplus4
- 1116
Sourcesystemkey
- 26645267:CLAW
Totalexpenses
- 47023.00
Year Built
- 1910
Zoning
- LBPD30
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com









































