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7 Units Downtown Long Beach | 5.6% Cap 528 Daisy Ave 7 Unit Apartment Building $1,995,000 ($285,000/Unit) 5.60% Cap Rate Long Beach, CA 90802
Investment Highlights
- In-place cash flow at 5.6% cap rate with significant rental upside (w/o LA RSO)
- Strong downtown location with a walk score of 89
- Most units remodeled, including newly constructed 3 bedroom unit
Executive Summary
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 5.6% cap rate and 12.3 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.
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 5.6% cap rate and 12.3 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.
Property Facts
| Price | $1,995,000 | Apartment Style | Garden |
| Price Per Unit | $285,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.60% | Building Size | 4,944 SF |
| Gross Rent Multiplier | 12.3 | Average Occupancy | 86% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LBPD30 | ||
| Price | $1,995,000 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 12.3 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,944 SF |
| Average Occupancy | 86% |
| No. Stories | 1 |
| Year Built/Renovated | 1910/2025 |
| Opportunity Zone |
Yes |
| Zoning | LBPD30 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Maintenance on site
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 560 |
| Studios | 1 | - | 1 |
| 2+1 | 1 | - | 1 |
| 3+2 | 1 | - | 1 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7278-021-034 | Improvements Assessment | $318,362 |
| Land Assessment | $742,845 | Total Assessment | $1,061,207 |
Property Taxes
Parcel Number
7278-021-034
Land Assessment
$742,845
Improvements Assessment
$318,362
Total Assessment
$1,061,207
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7 Units Downtown Long Beach | 5.6% Cap | 528 Daisy Ave
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