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1151 Daisy Ave, Long Beach, CA 90813
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1151 Daisy Ave Long Beach, CA 90813

$2,800,000
  • 12 Beds
  • 12 Baths
  • 4,604 Sq.Ft.
For Sale
$2,800,000 Get Pre-Qualified
Map preview of 1151 Daisy Ave, Long Beach, CA 90813

Property Overview: 1151 Daisy Ave Long Beach, CA has 12 bedrooms, 12 bathrooms, 4,604 living square feet and 7,440 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Scott Burns | BRE #01989612 | JMS Manage Sell PC
Last checked: 14 minutes ago | Last updated: November 10th, 2023 | Source CRMLS | DOM: 174
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Home details

Lot Sq. Ft
7,440
HOA Dues
$0/mo
Year built
1921
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW23194545
City
Long Beach
County
Los Angeles
Time on Site
204 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,194
  • Total Rent: $2,388
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 6
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,229
  • Total Rent: $2,457
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 7
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 13.34
  • Gross Scheduled Income: $205,900
  • Net Operating Income: $132,341
  • Gross Operating Income: --
  • # of Rented Garages: 4
  • Laundry Income: $888
  • Improvements Total: $265,000
Annual Expense Breakdown
  • Total Operating Expense: $67,382
  • Trash: $3,692
  • Insurance: $6,972
  • Professional Management: $10,303
  • Water/Sewer: $7,384

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Property Details for 1151 Daisy Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage Faces Rear
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 7271019031
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Drake Park (DP)
  • Directions: Between Anaheim Street and 11th Street on Daisy Avenue
Neighborhood Information
  • Community Features: Park
View more facts & features

Local Long Beach Agent

Sale History for 1151 Daisy Ave

Last sold for $1,125,000 on June 9th, 2016

  • October, 2023

  • Oct 18, 2023

    Date

    Active

    CRMLS: PW23194545

    $2,800,000

    Price

  • June, 2016

  • Jun 9, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,125,000

    Price

  • June, 2005

  • Jun 6, 2005

    Date

    Sold (Public Records)

    Public Records

    $835,000

    Price

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Tax History for 1151 Daisy Ave

Assessed Value (2020): $1,218,394
Year Land Value Improved Value Assessed Value
2020 $790,174 $428,220 $1,218,394

Home Value Compared to the Market

This property vs the competition

1151 Daisy Ave is listed 250.44% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $648 and this home is listed at $608.17 per/sqft which puts the price per square foot 6.15% lower than the median price per square foot for the city of Long Beach.

About 1151 Daisy Ave

Detailed summary of property

1151 Daisy Ave is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 12 bedrooms, 12 bathrooms, roughly 4,604 living square feet, and sits on an approximately 7,440 square foot lot. 1151 Daisy Ave was first listed on ArdentRealEstateGroup.com on October 18, 2023. The homeowner is currently asking $2,800,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $648. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 250.44% higher than the median priced home. Local competing homes currently for sale include 1128 Stanley Ave, 245 Temple Ave and 1043 Coronado Ave. While the average home in Long Beach, CA is selling in 51 days, 1151 Daisy Ave has a days on market of 174 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1151 Daisy Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1151 Daisy Ave

Public county record property details
Beds
2
Baths
12
Year built
1921
Sq. Ft.
4,604
Lot Size
7,439
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
7271-019-031

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$570,000
Median List Price/Sq.Ft.
$542
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
31
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Recently Sold Homes Near 1151 Daisy Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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