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322 Daisy Ave 8 Unit Apartment Building $1,811,416 CAD ($226,427 CAD/Unit) 6.30% Cap Rate Long Beach, CA 90802
Investment Highlights
- PRICED TO SELL - 9.7 GRM AND 6.3% CAP AT CURRENT RENTS. Earn over a 8% Cash on Cash Return.
- Excellent 5.4% 5-year fixed financing available for qualified Buyers.
- Well maintained property in prime Downtown Long Beach location. NOT subject to local Rent Control.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- 200 AMP Main Panel. New Roof in 2025. Copper Plumbing. Buyer to verify.
Executive Summary
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. Contact David Guevara for more info. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
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. Contact David Guevara for more info. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$186,162
|
$52.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$186,162
|
$52.89
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $186,162 |
| Annual Per SF | $52.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $186,162 |
| Annual Per SF | $52.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,811,416 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $226,427 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.30% | Building Size | 3,520 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LBPD30 | ||
| Price | $1,811,416 CAD |
| Price Per Unit | $226,427 CAD |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,520 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2019 |
| Opportunity Zone |
Yes |
| Zoning | LBPD30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7278-022-034 | Improvements Assessment | $1,057,775 CAD |
| Land Assessment | $1,555,555 CAD | Total Assessment | $2,613,330 CAD |
Property Taxes
Parcel Number
7278-022-034
Land Assessment
$1,555,555 CAD
Improvements Assessment
$1,057,775 CAD
Total Assessment
$2,613,330 CAD
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322 Daisy Ave
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