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528 Daisy Ave
For Sale $1,895,000 ($457.29 per Sq Ft)
$1,895,000 ($457.29 per Sq Ft)
- 7 Units
- 4,144 Sq Ft
- 7,474 Sq Ft
- Unknown Cap Rate
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,895,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,144 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1910 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7278021034 |
| MLS # | 26645267 |
| Property ID | 291985012 |
| Lot Sqft | 7,474 |
| Zoning | LBPD30 |
| Total Units | 7 |
| Days on Market | 134 |
| Original List Price | $2,095,000 |
| Date Updated | May 26, 2026 |
| Date Created | January 29, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $1,795 | $1,795 |
| Unit #2 | 2 | 1.00 | $2,495 | $2,495 |
| Unit #3 | 1 | 1.00 | $1,995 | $1,995 |
| Unit #4 | 1 | 1.00 | $1,995 | $1,995 |
| Unit #5 | 1 | 1.00 | $1,995 | $1,995 |
| Unit #6 | 1 | 1.00 | $1,995 | $1,995 |
| Unit #7 | 1 | 1.00 | $2,995 | $2,995 |
| Gross Income (Yr) | $ 15,688 |
| Operating Expenses | $ 43,226 |
| Net Income (Yr) | $ 113,656 |
| Cap Rate | 6.00% |
Listing Provided By
Armin Soleimani an agent of Global Platinum Properties, Inc.. Lic #01846872
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