$1,100,000
$1,195,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
7,553 Sqft Lot
SOLD DATE : 12/30/2021
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW21144123
Sold Date 12/30/21
HOA Y/N No
Year Built 1906
Lot Size 7,553 Sqft
Property Description
We are proud to present a terrific opportunity perfect for investors or an owner occupant looking to supplement their mortgage with rental income in the heart of trendy and rapidly developing Downtown Long Beach. This property is in the City's historical district and has beautiful craftsman architecture. It consists of four detached units. There is one 3 bedroom 1 bath front house and three 1 bedroom 1 bath bungalows in the back. The property also has a one car garage that is currently being used for storage. All units are currently occupied with tremendous upside in rents. Market rents support more than double the current rents and this property would be prefect for short-term rentals as Downtown Long Beach has an extremely high demand for vacation, corporate and insurance rentals.
The new owner of this property will be centrally located just steps away from the best the city of Long Beach has to offer with endless shops, dining and entertainment venues. You will also be within walking distance to the beach. 435 Daisy offers a near perfect walk score at nearly 90, and excellent transit score of 70, allowing occupants to move throughout the city with ease. In addition, Long Beach is experiencing major economic development as witnessed by the $495 million dollar courthouse, state-of-the-art library and countless new residential and commercial developments constructed in the last few years. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. Downtown Long Beach is HOT but much more affordable than other beach cities so don't miss this excellent opportunity to buy the RIGHT place at the RIGHT time.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Interior Features Ceiling Fan(s), Recessed Lighting, All Bedrooms Down
Heating Wall Furnace
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Laundry Gas Dryer Hookup
Exterior
Parking Features Driveway Level, Garage
Garage Spaces 1.0
Garage Description 1.0
Fence Chain Link
Pool None
Community Features Biking
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 1
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7278025017
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Khanjani Realty Group • Sync Brokerage, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "