$1,445,000

740 Daisy Avenue, Long Beach, CA 90813

  • 8 beds |
  • 8 baths |
  • 3,440 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon7,536sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $420/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

PRICED TO SELL - EARN OVER A 10% RETURN AGAINST IN PLACE RENTS. 9.5 GRM AND 7.0% CAP AGAINST IN PLACE RENTS. 8 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style units with a total of 5 structures on the lot. The property is professionally managed and features an excellent unit mix of studio, 1 and 2 bed units. The property has upside to a 9.1 GRM and 7.5% CAP. The property has parking for 3 cars in the rear of the building. All units have separate water heaters and the electrical subpanels were recently upgraded. The main electrical panel is a 200 AMP Siemens panel (Buyer to verify). All interiors are well maintained and feature laminate flooring, tile in the baths and updated kitchens. The property features a Walkscore of 86 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County. Excellent financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down. 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. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.

Listing Status:
Active
Date Added:
June 29, 2026
Data Last Updated:
August 24, 2026 at 12:18PM
Listing Office:
The Agency : 424-230-3700
Listing Agent:
Jonathan Swire : 310-948-2631
MLS ID:
26853593
  • A/C: None
  • Heating: Wall Furnace
  • Parking: AssignedParking spaces: 3
  • General: 1
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LBPD107272017005
  • Source: CRMLS_CL

This listing courtesy of Jonathan Swire , The Agency

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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  • 8 bath |
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#26836519 - RJ Real Estate Investments, Inc