322 Daisy Avenue, Long Beach, CA 90802 (MLS # 26844683)

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PRICE $1,299,000 dsIDX morgage calculator
BEDS 0
BATHS 8
HOME SIZE 3,520 sqft
LOT SIZE 2,257 sqft
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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.

DAYS ON MARKET 2 LAST UPDATED 6/8/2026
YEAR BUILT 1923 COMMUNITY 4 - Downtown Area, Alamitos Beach
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 4 - Downtown Area, Alamitos Beach
HEAT Wall Furnace
LOT 2256 sq ft
LOT DIMENSIONS 2257
PARKING None
STORIES 2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by : Jonathan Swire, The Agency

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