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Picture of Home For Sale in Long Beach, California, United States

$2,230,000

425 Daisy Ave
Long Beach, California, United States

4bd 7ba

Listed By: Realtyww Info

Listed On: 06/22/2023

Listing ID: GL9930270 View More Details

Description

425 Daisy is an 11-unit apartment building located in Long Beach, California. Constructed in 1912, the subject property contains 4, 824 rentable square feet which is located on a 7, 538 square foot lot. The building consists of (7) studios and (4) one bedroom + one bathroom units. The subject property is located in Downtown Long Beach, just three blocks east of Cesar Chavez Park. With a very walkable score of 83, this location has easy access to all the fine dining, retail shopping, and other businesses that Downtown Long Beach has to offer. The property is in extremely close proximity to numerous freeways, especially the 710, but also 110, 405, 105, and 91 Freeways. The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Long Beach, surrounding cities, and the Greater Los Angeles Area. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. Long Beach is a diverse city in Southern California with a strong economy and a lively cultural scene. It attracts a diverse population of tenants due to its job opportunities, music festivals, cultural celebrations, sporting events, and natural attractions such as beaches and parks. The property features a total of 7 studio units as well as 4 one bedroom units. One bedroom and studio units are often easier to rent out than larger units, allowing them to experience shorter vacancy periods. One of the most attractive attributes of the property is the fact that the building can be delivered partially vacant (call Listing Agent for details). By being delivered with some vacancies, an investor looking to improve the units can do so immediately, and not have to deal with all of the hassles associated with vacating units. Overall, 425 Daisy Ave is an exceptional investment opportunity for those looking to acquire a quality multi-family property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.

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Listed by: Justin White
Source: The World Property Journal

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