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$4,100,000

Beds
8
sq ft
Unknown

927 Daisy Ave, Long Beach, CA 90813

927 Daisy Ave

Long Beach, CA 90813

  • 46 days on market
Updated inside and out, this16-unit apartment community boasts a desirable unit mix of all 2-bedroom and 1-bathroom units. Featuring a new roof, new exterior railings, improved decks and walkways, select window replacements, and 9 recently renovated unit interiors, this property is well-maintained and ready for a smooth transition to the next owner. Five units were recently remodeled top to bottom with new paint, flooring, light fixtures, brand new kitchens and bathroom finishes. Four additional units have been partially updated. This property offers additional income potential with architecturalplans to convert 8 garage spaces into 4 ADUs in progress - current Owner already passed the pre-planning stage with the City. All existing units are metered separately. There is a controlled-access gate for extra privacy and security for all tenants. A community laundry room is offered on the property and can acquire extra income. At 100% occupancy, this property has a CAP rate of 5.52%, not including the proposed ADUs. This apartment community is located near East Village Arts District and Downtown Long Beach where you will enjoy the variety of local parks, restaurants, cafes, and so much more.

Details

Property type

Est. home value

$4,308,045

Lot size

7,559 sq ft

Price per sq ft

Unknown

Year built

Unknown

Price History

12/19/2024
SanDiego

SanDiego #PTP2407022

Listed
$4,100,000
11/27/2024
SanDiego

SanDiego #PTP2407022

Pending
$4,100,000
11/06/2024
SanDiego

SanDiego #PTP2407022

Listed
$4,100,000
+7.89%

Schools & Community

Neighborhood: 

Willmore City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Spreo Capital Manager Llc

Loan start date

October 2023

Original loan amount

$3,007,050

Est. remaining balance

Not provided

Interest rate

7.18%

Loan type

Building or Construction Loan, 2 year

Seller

Gable House Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 3:50 AM

Listing updated: 12/19/2024 at 8:20 AM

Listed by: Jeff Kim, Phone #: (888) 584-9427

MLS: SanDiego #PTP2407022

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