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322 Daisy Ave Long Beach, CA 90802

$1,680,000 Sold Price as of 06/25/2019

0 Beds
8 Baths
3,520 Sq.Ft.

Sold

$1,680,000 Sold Price as of 06/25/2019 Refinance Your Mortgage

Map preview of 322 Daisy Ave, Long Beach, CA 90802

Property Overview: 322 Daisy Ave Long Beach, CA has -- bedrooms, 8 bathrooms, 3,520 living square feet and 2,257 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer 322 Daisy Avenue, an 8-unit apartment investment opportunity located in the heart of Downtown Long Beach. The offering at 322 Daisy is located just steps from what the best the city of Long Beach has to offer with endless shops, dinning and entertainment. 322 Daisy offers a near perfect walk score of 90, and excellent transit score of 77, allowing tenants to move throughout the city with ease. The investment opportunity has recently been extensively renovated inside and out. The exterior features new paint and new vinyl windows while interiors receive new vinyl wood plank flooring, new paint, new kitchens and new bathrooms. Perfectly renovated and located, 322 Daisy Avenue is an excellent investment opportunity to own in the heart of Downtown Long Beach.

Listed by Doug Rodermund | BRE #01314304 | Morgan Skenderian

Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft: 2,257
HOA Dues: $0/mo
Year built: 1923
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW19032818
City: Long Beach
County: Los Angeles
Time on Site: 1384 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Electric Meters: 9
# of Gas Meters: 9
# of Water Meters: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,195
Total Rent: $4,780
Pro Forma/Market Rent: $1,225

Unit Breakdown 2

# of Units: 3
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,428
Total Rent: $4,285
Pro Forma/Market Rent: $1,495

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,495
Total Rent: $1,495
Pro Forma/Market Rent: $1,525

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.1%
Gross Rent Multiplier: 13.81
Gross Scheduled Income: $126,720
Net Operating Income: $89,080
Gross Operating Income: $122,918
Vacancy Allowance: $3,802

Annual Expense Breakdown

Total Operating Expense: $33,838
Electric: $0
Gas/Fuel: $0
New Taxes: $21,875
Trash: $0
Gardener: $0
Insurance: $1,500
Maintenance: $7,603
Professional Management: $0
Water/Sewer: $0
Other Expenses: $2,000
Other Expense Description: Utility

Property Details for 322 Daisy Ave

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: 6-10 Units/Acre
Lot Size Source: Assessor

Property Information

Common Walls: No Common Walls
Total # of Units: 8
Parcel Number: 7278022034
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Downtown (DT)
Directions: North of W. 3rd Street & West of Magnolia Ave

Neighborhood Information

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 322 Daisy Ave

Last sold for $1,680,000 on June 25th, 2019

July, 2019
Jul 8, 2019

Date

Sold

CRMLS: PW19032818

$1,680,000

Price
May 14, 2019

Date

Pending

CRMLS: PW19032818

$1,750,000

Price
Feb 12, 2019

Date

Active

CRMLS: PW19032818

$1,750,000

Price
June, 2019
Jun 25, 2019

Date

Sold (Public Records)

Public Records

$1,680,000

Price
April, 2018
Apr 25, 2018

Date

Sold (Public Records)

Public Records

$1,000,000

Price

Tax History for 322 Daisy Ave

Assessed Value (2020): $1,714,240

Year	Land Value	Improved Value	Assessed Value
2020	$1,020,000	$694,240	$1,714,240

Home Value Compared to the Market

This property vs the competition

322 Daisy Ave sold on June 25, 2019 for 118.75% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $497.16 per/sqft which puts the price per square foot 21.34% lower than the current median sale per square foot for the city of Long Beach.

About 322 Daisy Ave

Detailed summary of property

322 Daisy Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered -- bedrooms, 8 bathrooms, roughly 3,520 living square feet, and sits on an approximately 2,257 square foot lot. 322 Daisy Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,680,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 118.75% higher than the current median priced home. Local homes that are currently for sale include 1627 W Summit St, 1616 E 4th St and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 54 days, 322 Daisy Ave has a days on market of 91 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 322 Daisy Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 322 Daisy Ave

Public county record property details

Beds: --
Baths: 8
Year built: 1923
Sq. Ft.: 3,520
Lot Size: 2,257
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17,18
APN: 7278-022-034

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$530,000

Median List Price/Sq.Ft.

$627

Median Sold Price

$540,000

Median Sold Price/Sq.Ft.

$627

Total Inventory

127

Median Sale to List Price %

102.86%

Avg Days on Market

Loan Type

Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

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(714) 706-1823

Homes for Sale Near 322 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.