1151 Daisy Avenue

Long Beach, CA 90813

$2,800,000
Price
7
Beds
12
Baths
4,604 Sq. Ft.
$608 / Sq. Ft.
4,604
Sq. Ft.
$608
per Sq. Ft.

Description

Please see the Supplements section to access the Offering Memorandum. Beautiful 1151 Daisy Avenue is a charming 12 unit apartment complex in dynamic downtown Long Beach. This property features a roster of ten standard studios, two loft studios, laundry room, and four individual garages. The building was constructed in 1921, has a rentable area of approximately 4,604 SQ/FT, is built on a 7,440 SQ/FT lot, and is in absolutely turn-key condition to generate ample amounts of income from day one. All...Please see the Supplements section to access the Offering Memorandum. Beautiful 1151 Daisy Avenue is a charming 12 unit apartment complex in dynamic downtown Long Beach. This property features a roster of ten standard studios, two loft studios, laundry room, and four individual garages. The building was constructed in 1921, has a rentable area of approximately 4,604 SQ/FT, is built on a 7,440 SQ/FT lot, and is in absolutely turn-key condition to generate ample amounts of income from day one. All units are also individually metered for gas and electricity.
  1. Listed by Scott Burns • DRE #01989612 • Brokerage DRE #01989612 • JMS Manage Sell PC • sburns@jmsred.com

Property Details for 1151 Daisy Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4604
Assessor Parcel Number
7271-019-031
Property Attached YN
true

Location

Listing Courtesy of JMS Manage Sell PC, Scott Burns, DRE #01989612
Add your commute
LISTING UPDATED: 11/10/2023 02:43 AM

Property Details for 1151 Daisy Avenue

StatusActive
MLS #PW23194545
Days on Market194
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1921
Lot Size0.17 AC / 7,440 SF
CountyLos Angeles County

Location

Listing Courtesy of JMS Manage Sell PC, Scott Burns, DRE #01989612
Add your commute

Building Information for 1151 Daisy Avenue

Stories1Residences-Year Built1921Building Size-Lot Size0.17 AC / 7,440 SF

Payment Calculator

$16,772 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$1,491

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1151 Daisy Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $209,516
  • Gross Scheduled Income: $205,900
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $132,341
  • Number Of Rented Garages: 4
  • Laundry Income: $888
  • Gross Multiplier: 13.34
  • Cap Rate: 4.6
Expense Details
  • Operating Expense: $67,382
  • Insurance Expense: $6,972
  • Professional Management Expense: $10,303
  • Trash Expense: $3,692
  • Water Sewer Expense: $7,384
  • Total Expenses: $74,712
Tax / Assessment Info
  • Tax Block: G
  • Tax Tract Number: 727...
  • Tax Census Tract: 5758.01
  • Tax Lot: 13
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 12
  • Improvements Amount: $265,000.00
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear
Property / Structure Info
  • Builders Tract Name: Drake Park
  • Builders Tract Code: Drake Park (DP)
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,194
  • Unit Type Total Rent: $2,388
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,229
  • Unit Type Total Rent: $2,457
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $3,300
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 7
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 0

Property History for 1151 Daisy Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1151 Daisy Avenue

Taxable ValueLand$830,613Additions$450,100Total$1,280,713
Tax Record2023$17,897 ($1,491 / month)
Home Facts
Total Finished SqFt4,604 SqFtAbove Grade Finished SqFt4,604 SqFtLot Size7,440 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLBPD10CountyLOS ANGELESAPN7271-019-031

Schools near 1151 Daisy Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1151 Daisy Avenue is a mixed use property for sale in Long Beach, CA 90813. This property was listed for sale on October 1, 2023 by JMS Manage Sell PC, it's currently listed at $2,800,000. It has been on the market for a total of 194 days and was last sold on April 1, 2016. This listing's school district is Long Beach Unified School District. Nearby schools include Edison Elementary School, Washington Middle School and Cabrillo High School. 1151 Daisy Avenue is a 7-bed, 12-bath, 4,604 sqft mixed use property built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JMS Manage Sell PC, Scott Burns, DRE #01989612

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.