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850 Daisy Ave Long Beach, CA 90813

$1,099,000 Sold Price as of 07/05/2023

6 Beds
5 Baths
2,684 Sq.Ft.

Sold

$1,099,000 Sold Price as of 07/05/2023 Refinance Your Mortgage

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Map preview of 850 Daisy Ave, Long Beach, CA 90813

Property Overview: 850 Daisy Ave Long Beach, CA has 6 bedrooms, 5 bathrooms, 2,684 living square feet and 4,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located less than a mile from the fun and shops of Rainbow Harbor, this beautiful historic four bedroom two bath craftsman home already features your income producing triplex attached in the back of the lot. Check the value on the big front unit alone - 4BR 2Ba craftsman homes in this area in the past year have all sold between $900-$1m, reaching as high as $1.075 with just another half bath! Then the _median_ price for a triplex is over $929k.. so with both the big front unit and the triplex, this is an amazing value in a quality location. This lot is available to be purchased separately or together with 3 other lots as a portfolio. Now is the rare opportunity to own some of the type of units usually reserved for legacy investors. Or live in this front house and use the triplex income to help make your house payment.

Listed by Martie Etheridge | BRE #00645855 | RE/MAX Select One
Co-listed by Maggie Ureno | BRE #01319367 | RE/MAX Select One

Last checked: 14 minutes ago | Last updated: July 6th, 2023 | Source CRMLS | DOM: 256

Home details

Lot Sq. Ft: 4,000
HOA Dues: $0/mo
Year built: 1918
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: OC22198445
City: Long Beach
County: Los Angeles
Time on Site: 727 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 4

Unit Breakdown 1

# of Units: 1
# of Beds: 4
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $1,700
Pro Forma/Market Rent: $3,200

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,200

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $605
Total Rent: $605
Pro Forma/Market Rent: $1,200

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $630
Total Rent: $630
Pro Forma/Market Rent: $1,200

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $34,140
Net Operating Income: $17,207
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $16,933
New Taxes: $1,369
Trash: $2,000
Insurance: $2,079

Property Details for 850 Daisy Ave

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

No
Parking Features: None

Lot Information

Lot Features: Level with Street, Rectangular Lot, Park Nearby
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 4
Parcel Number: 7272016005
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: Other (OTHR)
Other Subdivision Name: historical
Directions: from 7th & Magnolia, go west on 7th, R on Daisy, lot is on east/right side - beautiful blue craftsman 2nd lot from 9th

Neighborhood Information

Community Features: Biking, Park, Urban

View more facts & features

Local Long Beach Agent

Sale History for 850 Daisy Ave

Last sold for $1,099,000 on July 5th, 2023

July, 2023
Jul 5, 2023

Date

Sold

CRMLS: OC22198445

$1,099,000

Price
Sep 23, 2022

Date

Active

CRMLS: OC22198445

$1,600,000

Price

Tax History for 850 Daisy Ave

Assessed Value (2020): $54,028

Year	Land Value	Improved Value	Assessed Value
2020	$28,629	$25,399	$54,028

Home Value Compared to the Market

This property vs the competition

850 Daisy Ave sold on July 5, 2023 for 34.19% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $409.46 per/sqft which puts the price per square foot 34.8% lower than the current median sale per square foot for the city of Long Beach.

About 850 Daisy Ave

Detailed summary of property

850 Daisy Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 2,684 living square feet, and sits on an approximately 4,000 square foot lot. 850 Daisy Ave was first listed on ArdentRealEstateGroup.com on September 23, 2022. The homeowner sold the property for $1,099,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 34.19% higher than the current median priced home. Local homes that are currently for sale include 1132 E Arcadia Court, 2223 Locust and 1125 E 17th St. While the average home in Long Beach, CA is selling in 62 days, 850 Daisy Ave has a days on market of 256 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 850 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 850 Daisy Ave

Public county record property details

Beds: --
Baths: --
Year built: 1918
Sq. Ft.: 2,684
Lot Size: 3,999
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 7272-016-005

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

$560,000

Median List Price/Sq.Ft.

$553

Median Sold Price

$495,000

Median Sold Price/Sq.Ft.

$587

Total Inventory

Median Sale to List Price %

99.02%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.