About 1208 Daisy Avenue
PRICED TO SELL - 9.4 GRM AND 6.8% CAP. EARN OVER A 10% CASH ON CASH RETURN against in place rents. 12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking. The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County. 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. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games. Excellent lender financing is available for qualified Buyers at 5.4% fixed for 5 years, with 25% down.
Features of 1208 Daisy Avenue
| MLS® # | 26859339 |
|---|---|
| Price | $2,015,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Square Footage | 5,036 |
| Acres | 0.17 |
| Year Built | 1923 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 1208 Daisy Avenue |
|---|---|
| Area | 4 - Downtown Area, Alamitos Beach |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Additional Information
| Date Listed | July 13th, 2026 |
|---|---|
| Days on Market | 60 |
| Zoning | LBPD10 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jonathan Swire |
|---|---|
| Office | The Agency |