1208 Daisy Ave, Long Beach, CA 90813
1208 Daisy Ave, Long Beach, CA 90813
1208 Daisy Ave, Long Beach, CA 90813
16
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$1,899,000
Est. payment /mo
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2 Beds
12 Baths
5,036 SqFt
New

1208 Daisy Ave Long Beach, CA 90813

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Roxana Fierro

Roxana Fierro

+1(702) 576-1282

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,036 sqft

Price per Sqft $377

MLS Listing ID 26104579

Bedrooms 2

Year Built 1923

Lot Size 7,424 Sqft

Acres 0.1704

Property Sub-Type Multi-Family

Property Description

PRICED TO SELL - 8.9 GRM AND 7.5% CAP. EARN OVER A 10% CASH ON CASH RETURN on in place rents. 12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking. A new owner can level rents to market and be at a 8.7 GRM and 7.8% CAP. The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games. Excellent lender financing is available for qualified Buyers at 30% down, 6.1% fixed for 5 years, Interest Only.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBPD10

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features None

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Agency

NEARBY SCHOOL & BUSINESS

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Roxana Fierro

Roxana Fierro

Agent

+1(702) 576-1282

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1208 Daisy Ave