KARA Commercial is pleased to present the opportunity to acquire 733 daisy Ave, 12-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California.
Extensively renovated property including exterior refresh, new windows, main electrical panel, controlled access, low-water landscaping, common areas, and lighting
All of the renovations were done up to code and permits were obtained by a California State Licensed Contractor.
Property has gone through all major elements like
UPGRADED MAIN PANEL, SUB PANELS AND WIRING, UPGRADED MAIN WATER LINE, RENEWED PLUMBING UP TO CODE, NEWER ROOF,
NEW KITCHEN CABINETS, COUNTERTOPS, STAINLESS STEEL APPLIANCES, UPDATED BATHROOMS, WASHER DRYER IN UNITS
DISHWASHER/OVEN/FRIDGE,MICROWAVE (WHIRLPOOL OR SAMSUNG)
IF YOU ARE LOOKING TO FINANCE , WE HAVE ATTACHED 3 LOAN OPTIONS FOR POSSIBLE CONSIDERATION.
733 Daisy Ave is located in the highly sought- after Downtown Long Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the city’s most popular beaches. The property is also close distance to Retro Row, which offers numerous shopping, dining, and entertainment options.
733 Daisy Ave is under a mile away from The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations.
High yield, low expense property at an in-place cap rate of 5.87% and a GRM of 11.74 with an additional upside to a market cap rate of 6.52% and a 10.83 GRM
Given the overall strength of the apartment market in Long Beach, especially Downtown Area 733 Daisy Ave offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well-located and intensively renovated apartment building will be a key driver in the continued growth and success at 733 Daisy Ave.
Please do not disturb tenants if driving by.