528 Daisy AV Long Beach CA 90802 MLS #26645267

Welcome to 528 Daisy Avenue, a well-maintained and highly desirable 7-unit multifamily property located in the heart of Downtown Long Beach. With a Walk Score of 89, the property benefits from exceptional tenant demand driven by proximity to downtown amenities, the Civic Center, dining, retail, and major transit corridors.The asset features a strong and highly rentable unit mix consisting primarily of spacious 1-bedroom units, complemented by 2-bedroom units, a studio, and a newly added 3-bedroom unit, bringing the total to seven units and enhancing both income and long-term appeal. Several units have been tastefully updated, offering investors a low-maintenance, turnkey asset with minimal near-term capital requirements. Offered at an attractive 5.3% cap rate and 12.9 GRM, 528 Daisy provides in-place cash flow with additional upside through continued rent optimization and lease-up of select units. Importantly for Los Angeles-based investors, the property is located outside the City of Los Angeles and is not subject to LA’s Rent Stabilization Ordinance (RSO), allowing for significantly greater flexibility on rental growth and operations compared to similar assets within LA City. This is a rare opportunity to acquire a stabilized, income-producing asset in one of Long Beach’s most walkable and high-demand rental submarkets.