528 Daisy Ave - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,895,000 USD
310-666-2246
528 Daisy Ave, Long Beach, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/41
null | 6% Cap Rate

528 Daisy Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • In-place cash flow at 5.6% cap rate with significant rental upside (w/o LA RSO)
  • Most units remodeled, including newly constructed 3 bedroom unit
  • Strong downtown location with a walk score of 89

OVERVIEW

Huge Price Improvement! Prime Downtown Long Beach 7-Unit Multifamily | 528 Daisy Avenue is a well-maintained 7-unit multifamily property located in the heart of Downtown Long Beach with a Walk Score of 89. The asset benefits from strong tenant demand due to proximity to the Civic Center, dining, retail, and major transit corridors. The property features a highly desirable unit mix, primarily spacious 1-bedroom units, complemented by 2-bedroom units, a studio, and a newly added 3-bedroom unit, enhancing both income and long-term appeal. Several units have been tastefully updated, offering a low-maintenance, turnkey investment with minimal near-term capital needs. Offered at an attractive 6% cap rate and 11.7 GRM, 528 Daisy Avenue provides in-place cash flow with upside through continued rent optimization. A rare opportunity to acquire a stabilized asset in one of Long Beach's most walkable and in-demand rental submarkets.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

7

PRICE/UNIT

$270,714

CAP RATE

6%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units Downtown Long Beach | 6% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LBPD30

APN/PARCEL ID

7278-021-034

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.