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1208 Daisy Ave 12 Unit Apartment Building $2,049,000 ($170,750/Unit) 6.50% Cap Rate Long Beach, CA 90813
Investment Highlights
- PRICED TO SELL - 9.6 GRM AND 6.5% CAP. EARN OVER A 9% CASH ON CASH RETURN.
- Updated Electrical and Plumbing - Buyer to verify.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- All units taken down the studs - new kitchens, baths, flooring, etc. - Over $600K spent.
- Excellent Lender Financing Availalbe for Qualified Buyers - 25% down - 5.4% Fixed for 5 years.
Executive Summary
PRICED TO SELL - 9.6 GRM AND 6.5% CAP. EARN OVER A 9% CASH ON CASH RETURN.
12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking.
The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County.
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. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.
Excellent financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down. Loan quote provided by David Guevara. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking.
The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County.
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. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.
Excellent financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down. Loan quote provided by David Guevara. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$214,000
|
$42.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$214,000
|
$42.49
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $214,000 |
| Annual Per SF | $42.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $214,000 |
| Annual Per SF | $42.49 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,049,000 | Building Class | C |
| Price Per Unit | $170,750 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,036 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.6 | No. Stories | 1 |
| No. Units | 12 | Year Built/Renovated | 1923/2020 |
| Property Type | Multifamily | Parking Ratio | 0.39/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LBPD10 | ||
| Price | $2,049,000 |
| Price Per Unit | $170,750 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 9.6 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,036 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1923/2020 |
| Parking Ratio | 0.39/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LBPD10 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7272-003-006 | Improvements Assessment | $617,214 |
| Land Assessment | $1,115,517 | Total Assessment | $1,732,731 |
Property Taxes
Parcel Number
7272-003-006
Land Assessment
$1,115,517
Improvements Assessment
$617,214
Total Assessment
$1,732,731
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1208 Daisy Ave