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322 Daisy Avenue

Long Beach, CA 90802
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Bed 0

Bed

Bath 0

Bath

SqFt3,520

Sqft

SqFt2,257

Sqft(Lot)

PRICED TO SELL - 9.7 GRM AND 6.3% 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,299,000

AD Id : 81482287

MLS Id : 26844683

Lot Size : 2,257 Sqft

Living Area Size : 3,520

Year Built : 1923

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 0

    Bathroom Information

    Total Baths: 8 Full Baths: 0 Half Baths: 0
  • Cooling Features

    None Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1923 Building Area Total: 3,520

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0518
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 2257

  • Listing Price Information

    Original List Price: 1,299,000 Listing Contract Date: 2026-06-08
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 7278022034

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Postal Code Plus 4: 2765 Directions: 8 Units in Downtown Long Beach with NO local rent control. Zoning: LBPD30 Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach
  • Building and Construction

    Property Age: 103 Year Built Source: Vendor Enhanced Total Square Feet Living: 3520 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1738 E 4th Street #15, Long Beach, CA, 90802 $279,000 -- 1 398 398 SqFt
1738 E 4th, Long Beach, CA, 90802 $299,998 -- 1 397 397 SqFt
1820 E 2nd, Long Beach, CA, 90802 $5,150,000 -- -- 8,130 8,130 SqFt
1545 E 4th Street, Long Beach, CA, 90802 $1,647,300 7 -- 4,770 4,770 SqFt
1427 E 4th, Long Beach, CA, 90802 $1,999,000 -- -- 5,065 5,065 SqFt
1250 E 4th, #8, Long Beach, CA, 90802 $280,000 1 1 654 654 SqFt
1060 E 6th Street, Long Beach, CA, 90802 $890,000 2 -- 1,548 1,548 SqFt
1042-1048 E Broadway, Long Beach, CA, 90802 $1,749,000 -- -- 3,576 3,576 SqFt
1013 E Appleton #1, Long Beach, CA, 90802 $415,000 2 1 862 862 SqFt
955 E 2nd, Long Beach, CA, 90802 $899,900 2 1 1,304 1,304 SqFt

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ByOwner last updated this listing 06/09/2026 @ 17:23

MLS: 26844683 LISTED BY: Jonathan Swire, The Agency 424-230-3700 SOURCE: CRMLS

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