Log In/Sign Up
Your email has been sent.
740-746 Daisy Ave 8 Unit Apartment Building $1,459,000 ($182,375/Unit) 6.80% Cap Rate Long Beach, CA 90813
Investment Highlights
- EARN AN 11.0% RETURN AGAINST IN PLACE RENTS. PRICED TO SELL AT 9.6 GRM AND 6.8% CAP.
- The property has upside to a 9.1 GRM and 7.3% CAP.
- Located blocks from Downtown Long Beach where over $8BB in Redevelopment has occured.
- Excellent lender financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- All units nicely updated with modern kitchens, bath and flooring.
Executive Summary
EARN AN 11.0% RETURN AGAINST IN PLACE RENTS. PRICED TO SELL AT 9.6 GRM AND 6.8% CAP.
8 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 units with a total of 5 structures on the lot. The property is professionally managed and features an excellent unit mix of studio, 1 and 2 bed units. The property has upside to a 9.1 GRM and 7.3% CAP.
The property has parking for 3 cars in the rear of the building. All units have separate water heaters and the electrical subpanels were recently upgraded. The main electrical panel is a 200 AMP Siemens panel (Buyer to verify). All interiors are well maintained and feature laminate flooring, tile in the baths and updated kitchens.
The property features a Walkscore of 86 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 RENT ROLL AND OM.
8 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 units with a total of 5 structures on the lot. The property is professionally managed and features an excellent unit mix of studio, 1 and 2 bed units. The property has upside to a 9.1 GRM and 7.3% CAP.
The property has parking for 3 cars in the rear of the building. All units have separate water heaters and the electrical subpanels were recently upgraded. The main electrical panel is a 200 AMP Siemens panel (Buyer to verify). All interiors are well maintained and feature laminate flooring, tile in the baths and updated kitchens.
The property features a Walkscore of 86 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 RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$152,000
|
$44.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$152,000
|
$44.19
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $152,000 |
| Annual Per SF | $44.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $152,000 |
| Annual Per SF | $44.19 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,459,000 | Building Class | C |
| Price Per Unit | $182,375 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,440 SF |
| Cap Rate | 6.80% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.6 | No. Stories | 1 |
| No. Units | 8 | Year Built/Renovated | 1922/2020 |
| Property Type | Multifamily | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | LBPD10 | ||
| Price | $1,459,000 |
| Price Per Unit | $182,375 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Gross Rent Multiplier | 9.6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,440 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1922/2020 |
| Parking Ratio | 1.16/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LBPD10 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 315 |
| 1+1 | 3 | - | 476 |
| 2+1 | 1 | - | 750 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7272-017-005 | Improvements Assessment | $610,194 |
| Land Assessment | $1,061,208 | Total Assessment | $1,671,402 |
Property Taxes
Parcel Number
7272-017-005
Land Assessment
$1,061,208
Improvements Assessment
$610,194
Total Assessment
$1,671,402
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
740-746 Daisy Ave