1245 Daisy Avenue

    Long Beach, CA 90813
    • $2,650,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: PW18258205
    UPDATED: 39 min ago
    $2,650,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,682
      SQFT
    • $466
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    VALUED ADDED OPPORTUNITY PROPERTY. Own Your own Long Beach Block!!! How so? This listing reflects two side by side properties that are being sold together. The first property is 1245-1247 Daisy, a 4 unit with each unit having 2 bedroom and 1 bath. This property also has a large patio that is well appreciated by the tenants, a community laundry and has been upgraded with solar panels. The second property is to the south 1233 Daisy, a 9 unit complex that has a second patio area and easily accessible to 1245 Daisy. The 2 properties have been modified to blend together for easy management. This entire complex has very low vacancy rate due to quality of unit building condition and being conveniently located near Long Beach's major transportation corridors. An added feature is the (east side) rear of the building and north side are backed by a city park walk way,..... as result the property carries only 1 small neighboring wall which adds to the privacy and security of the apartment complex. This property Professionally Managed

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-18T13:28:26.76. 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. Licensed in the State of California, USA.
    www.impactca.com/homes/89084155

    1245 Daisy Avenue Long Beach, CA 90813

    • Price: $2,650,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: PW18258205
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,682
    SQFT
    $466
    $/SQFT
    1920
    Built
    Neighborhood:
    Downtown (Dt)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    VALUED ADDED OPPORTUNITY PROPERTY. Own Your own Long Beach Block!!! How so? This listing reflects two side by side properties that are being sold together. The first property is 1245-1247 Daisy, a 4 unit with each unit having 2 bedroom and 1 bath. This property also has a large patio that is well appreciated by the tenants, a community laundry and has been upgraded with solar panels. The second property is to the south 1233 Daisy, a 9 unit complex that has a second patio area and easily accessible to 1245 Daisy. The 2 properties have been modified to blend together for easy management. This entire complex has very low vacancy rate due to quality of unit building condition and being conveniently located near Long Beach's major transportation corridors. An added feature is the (east side) rear of the building and north side are backed by a city park walk way,..... as result the property carries only 1 small neighboring wall which adds to the privacy and security of the apartment complex. This property Professionally Managed
    Exterior Features

    Architectural Style Traditional Construction Materials Ducts Professionally Air-SealedStucco Entry Level 1 Entry Location Ground Fence YN Yes Fencing BlockWireWrought Iron Garage Spaces 0.00 Lot Features 0-1 Unit/AcreCorner LotLevel With StreetNear Public TransitPatio HomeYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Public Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Flat

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Heating Wall Heater Heating YN Yes Laundry Features Community

    Property Features

    Accessibility Features 2+ Access Exits Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.30 Community Features CurbsSidewalks Country Us Electric Expense 4850.00 Elevation Units Feet Garage Income 0.00 Garage Rental Rate 0.00 Green Energy Generation Solar Gross Income 199500.00 Gross Multiplier 13.50 Gross Scheduled Income 199500.00 Inclusions Community (Owner Owned) Laundry Room With 2 Washing Machines & 2 Dryer And Storage Unit Insurance Expense 2632.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 2000.00 Laundry YN Yes Net Operating Income 185500.00 New Construction YN No New Taxes Expense 1.25 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 2 Number Of Units Leased 13 Number With Patio 2 Number With Range 13 Operating Expense 12000.00 Other Expense 2600.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Downtown (Dt) Tenant Pays ElectricityGas Total Actual Rent 167148.00 Total Expenses 12000.00 Trash Expense 1650.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance Rate 5.00 Water Sewer Expense 2050.00 Water Source Public Year Built Source Assessor Zoning Lbpd10

    Listing provided courtesy of Charles Brewer of Home Smart Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-18T13:28:26.76. 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. Licensed in the State of California, USA.
     
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