322 Daisy Avenue, Long Beach, CA 90802
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
322 Daisy Avenue,Long Beach, CA 90802
$1,275,000
- - Beds
- 8 Baths
- 3,520 sq. ft.
- Multi-family
- Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26844683
Source:CRMLS
Price summary
- Price:$1,275,000
- Price per sq. ft.:$362.22
About this home
PRICED REDUCED TO SELL - 9.5 GRM AND 6.5% CAP AT CURRENT RENTS. Earn over a 8% Cash on Cash Return. 8 units in Downtown Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). It's located down the street from the new library and right next to $8BB in brand new construction. The buiding has a Walk Score of 90 and is ideally located close to mass transportation as well as shopping and restaurants. The property is professionally managed and well maintained. The main electrical panel is 200 AMPS and the subpanels are 30 AMPS - Buyer to verify. The building also features copper plumbing - Buyer to verify. And it has newer vinyl windows. All unit interiors and hallways were updated in the past 5 years including new paint, fixtures and flooring. And the property got a new roof in 2025. There are 8 private storage rooms in the basement where the laundry is located. These are currently vacant but could be given to tenants as an amenity or leased out for $50-75/month. 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. Qualified Buyers can obtain a 27% down, 5 year loan fixed at 5.40%, Interest Only....
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Home facts
- Year built:1923
- Listing ID #:26844683
- Added:91 day(s) ago
- Updated:September 08, 2026 at 11:07 AM
Rooms and interior
- Total bathrooms:8
- Living area:3,520 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1923
- Building area:3,520 sq. ft.
- Lot area:0.05 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,275,000
- Price per sq. ft.:$362.22
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