322 Daisy Avenue,Long Beach, CA 90802
Long Beach, CA 90802
Description
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.
Details
| MLS # | 26844683 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 86 |
| Listing Provided By | The Agency | Jonathan Swire |
Features
| Bath(s) | 8 |
|---|---|
| SQ Feet | 3,520 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LBPD30 |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 4 Downtown Area | Alamitos Beach |
| Listing VS Median (in 90802) | |
Price: $1,275,000 low | high Med: $439,000 sqft: 3,520 low | high Med: 690 $ / sqft: $362 low | high Med: $636 On site: 86 low | high Med: 142 | |
Market Activity 90802
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 4 Downtown Area | Alamitos Beach |
| Listing VS Median (in 90802) | |
Price: $1,275,000 low | high Med: $439,000 sqft: 3,520 low | high Med: 690 $ / sqft: $362 low | high Med: $636 On site: 86 low | high Med: 142 | |
 | $1,395,000531 W 5th StreetLong Beach, CA 90802 |
 | $1,395,000531 W 5th StreetLong Beach, CA 90802 |