Huge 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 6% cap rate and 11.7 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.
| MLS # | 26645267 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 209 |
| Listing Provided By | Global Platinum Properties, Inc. | Armin Soleimani |
| Bed(s) | 9 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 4,144 |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 4 |
| Zoning | LBPD30 |
| Acreage | 0.17 |
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Parking Features | Driveway |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 4 Downtown Area | Alamitos Beach |
| Listing VS Median (in 90802) | |
Price: $1,895,000 low | high Med: $1,895,000 sqft: 4,144 low | high Med: 4,144 $ / sqft: $457 low | high Med: $457 On site: 209 low | high Med: 209 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 4 Downtown Area | Alamitos Beach |
| Listing VS Median (in 90802) | |
Price: $1,895,000 low | high Med: $1,895,000 sqft: 4,144 low | high Med: 4,144 $ / sqft: $457 low | high Med: $457 On site: 209 low | high Med: 209 | |
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