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1208 Daisy Avenue, Long Beach, CA 90813

$1,899,000 Approx. USD 2 beds, 12 baths
5,036 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Jonathan Swire | jon@jonswire.com
Lic#: 01336277
Broker: Courtesy of The Agency
Phone: 310-948-2631

Agent Remarks

PRICED TO SELL - 8.9 GRM AND 7.5% CAP. EARN OVER A 10% CASH ON CASH RETURN on in place rents. 12 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 building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking. A new owner can level rents to market and be at a 8.7 GRM and 7.8% CAP. The property features a Walkscore of 85 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. 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. Excellent lender financing is available for qualified Buyers at 30% down, 6.1% fixed for 5 years, Interest Only.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26104579

Price: $1,899,000

Beds: 2

Baths: 12

Built in 1923

5,036 sqft

1 story

0.17 acres

Lot size: 0.1704

County: Los Angeles

Zoning: LBPD10

Parking description: None

Heating/cooling: Wall/Window Unit(s)

Heating description: Wall Furnace

MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 11/3/2026

Days On Market (DOM): 9

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

Lat/Long: 33.781590, -118.199018.
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