Description

927 Daisy Avenue is a 16-unit apartment property in Long Beach, California, adjacent to the vibrant East Village Arts District and Downtown.
The controlled-access, all-electric, separately-metered building features sixteen (16) 2BD / 1 BA units.
Two (2) of the units are fully remodeled with new flooring, kitchens, stainless steel appliances, new bathrooms and modern fixtures and finishes.
Double-pane windows are installed throughout the building for additional energy efficiency.
An onsite laundry / storage room provides extra income, and the eight (8) garages offer the opportunity for ADU conversion for additional income.
927 Daisy Avenue is priced at 11.23 GRM and 5.54% cap rate at current rents.