USACALong Beach740 Daisy Ave
Listing image | Image 1

740 Daisy Ave, Long Beach, CA

House

For Sale

Listed price in listed location currency (USD).
$1,459,000

883

MLS® 26853593

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3440 sqft
Garage 
Taxes 
Days Active 0
Lot Size 0.173 Acres
Approx. Age 1922
Avg. Price Per Sqft $424
MLS® Number 26853593

Property Address: 740 Daisy Ave, Long Beach, CA, 90802-2714

Average square foot calculated using Size range provided by listing agent.

Description

PRICED TO SELL - EARN AN 11.0% RETURN AGAINST IN PLACE RENTS. 9.6 GRM AND 6.8% CAP AGAINST IN PLACE RENTS. 8 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 units with a total of 5 structures on the lot. The property is professionally managed and features an excellent unit mix of studio, 1 and 2 bed units. The property has upside to a 9.1 GRM and 7.3% CAP. The property has parking for 3 cars in the rear of the building. All units have separate water heaters and the electrical subpanels were recently upgraded. The main electrical panel is a 200 AMP Siemens panel (Buyer to verify). All interiors are well maintained and feature laminate flooring, tile in the baths and updated kitchens. The property features a Walkscore of 86 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. Excellent financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down. 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.
MLS® Number26853593
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1922
Basement
DrivewayAssigned
Garage Spaces
HeatWall Furnace
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 9, 2026List Date
$1,459,000List Price
  • Commute

Commute

Starting Address
Destination Address
740 Daisy Ave, Long Beach, CA

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