435 Daisy Ave, Long Beach, CA 90802

Property Description

We are proud to present a terrific opportunity perfect for investors or an owner occupant looking to supplement their mortgage with rental income in the heart of trendy and rapidly developing Downtown Long Beach. This property is in the City's historical district and has beautiful craftsman architecture. It consists of four detached units. There is one 3 bedroom 1 bath front house and three 1 bedroom 1 bath bungalows in the back. The property also has a one car garage that is currently being used for storage. All units are currently occupied with tremendous upside in rents. Market rents support more than double the current rents and this property would be prefect for short-term rentals as Downtown Long Beach has an extremely high demand for vacation, corporate and insurance rentals. The new owner of this property will be centrally located just steps away from the best the city of Long Beach has to offer with endless shops, dining and entertainment venues. You will also be within walking distance to the beach. 435 Daisy offers a near perfect walk score at nearly 90, and excellent transit score of 70, allowing occupants to move throughout the city with ease. In addition, Long Beach is experiencing major economic development as witnessed by the $495 million dollar courthouse, state-of-the-art library and countless new residential and commercial developments constructed in the last few years. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. Downtown Long Beach is HOT but much more affordable than other beach cities so don't miss this excellent opportunity to buy the RIGHT place at the RIGHT time.