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    435 Daisy Avenue

    Long Beach, CA 90802
    • $1,195,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: PW21144123
    UPDATED: 16 min ago
    $1,195,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    We are proud to present a terrific opportunity perfect for investors or an owner occupant looking to supplement their mortgage with rental income in the heart of trendy and rapidly developing Downtown Long Beach. This property is in the City's historical district and has beautiful craftsman architecture. It consists of four detached units. There is one 3 bedroom 1 bath front house and three 1 bedroom 1 bath bungalows in the back. The property also has a one car garage that is currently being used for storage. All units are currently occupied with tremendous upside in rents. Market rents support more than double the current rents and this property would be prefect for short-term rentals as Downtown Long Beach has an extremely high demand for vacation, corporate and insurance rentals. The new owner of this property will be centrally located just steps away from the best the city of Long Beach has to offer with endless shops, dining and entertainment venues. You will also be within walking distance to the beach. 435 Daisy offers a near perfect walk score at nearly 90, and excellent transit score of 70, allowing occupants to move throughout the city with ease. In addition, Long Beach is experiencing major economic development as witnessed by the $495 million dollar courthouse, state-of-the-art library and countless new residential and commercial developments constructed in the last few years. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. Downtown Long Beach is HOT but much more affordable than other beach cities so don't miss this excellent opportunity to buy the RIGHT place at the RIGHT time.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T19:26:05.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/118939767
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    435 Daisy Avenue Long Beach, CA 90802

    • Price: $1,195,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: PW21144123
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1906
    Built
    Neighborhood:
    Downtown (Dt)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are proud to present a terrific opportunity perfect for investors or an owner occupant looking to supplement their mortgage with rental income in the heart of trendy and rapidly developing Downtown Long Beach. This property is in the City's historical district and has beautiful craftsman architecture. It consists of four detached units. There is one 3 bedroom 1 bath front house and three 1 bedroom 1 bath bungalows in the back. The property also has a one car garage that is currently being used for storage. All units are currently occupied with tremendous upside in rents. Market rents support more than double the current rents and this property would be prefect for short-term rentals as Downtown Long Beach has an extremely high demand for vacation, corporate and insurance rentals. The new owner of this property will be centrally located just steps away from the best the city of Long Beach has to offer with endless shops, dining and entertainment venues. You will also be within walking distance to the beach. 435 Daisy offers a near perfect walk score at nearly 90, and excellent transit score of 70, allowing occupants to move throughout the city with ease. In addition, Long Beach is experiencing major economic development as witnessed by the $495 million dollar courthouse, state-of-the-art library and countless new residential and commercial developments constructed in the last few years. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. Downtown Long Beach is HOT but much more affordable than other beach cities so don't miss this excellent opportunity to buy the RIGHT place at the RIGHT time.
    Exterior Features

    Architectural Style Craftsman Construction Materials Board & Batten Siding Fencing Chain Link Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Features Driveway LevelGarage Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No Roof Shingle View None View YN No

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Recessed LightingAll Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Biking Garage YN Yes Gross Income 0 Gross Scheduled Income 53400 Insurance Expense 1015 Land Lease YN No Laundry Features Gas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFhaFannie Mae Net Operating Income 38125 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 15275 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 4450 Trash Expense 0 Water Sewer Expense 2225 Water Source Public Zoning Lbpd30

    Listing provided courtesy of Aaron Berryman of Endeavor Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T19:26:05.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505