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322 Daisy Ave
For Sale $1,299,000 ($369.03 per Sq Ft)
$1,299,000 ($369.03 per Sq Ft)
- 8 Units
- 3,520 Sq Ft
- 2,257 Sq Ft
- Unknown Cap Rate
Description
PRICED TO SELL - 9.7 GRM AND 6.3% CAP AT CURRENT RENTS. Earn over a 8% Cash on Cash Return. 8 units in Downtown Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). It's located down the street from the new library and right next to $8BB in brand new construction. The buiding has a Walk Score of 90 and is ideally located close to mass transportation as well as shopping and restaurants. The property is professionally managed and well maintained. The main electrical panel is 200 AMPS and the subpanels are 30 AMPS - Buyer to verify. The building also features copper plumbing - Buyer to verify. And it has newer vinyl windows. All unit interiors and hallways were updated in the past 5 years including new paint, fixtures and flooring. And the property got a new roof in 2025. There are 8 private storage rooms in the basement where the laundry is located. These are currently vacant but could be given to tenants as an amenity or leased out for $50-75/month. 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. Qualified Buyers can obtain a 27% down, 5 year loan fixed at 5.40%, Interest Only.
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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 | $1,299,000 |
| Property Type | Multi-Family |
| Usable Sqft | 3,520 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7278022034 |
| MLS # | 26844683 |
| Property ID | 291985231 |
| Lot Sqft | 2,257 |
| Zoning | LBPD30 |
| Total Units | 8 |
| Days on Market | 8 |
| Original List Price | $1,299,000 |
| Date Updated | June 16, 2026 |
| Date Created | June 08, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $1,450 | $1,450 |
| Gross Income (Yr) | $ 129,000 |
| Operating Expenses | $ 48,000 |
| Net Income (Yr) | $ 81,000 |
| Cap Rate | 6.30% |
Listing Provided By
Jonathan Swire an agent of . Lic #01336277
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