1161 Daisy,  Long Beach CA, 90813 (Residential Income)

7,162 sqft
Status: Sold
MLS#: PW13184651
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Last Updated: 12/4/2016 5:57 PM
Description for 1161 Daisy Long Beach, CA 90813
Located a half block from Loma Alta Park and a few blocks from Drake Park. This building is convenient to Downtown Long Beach, Port, Anaheim corridor and public transit and freeway. Interior views of unit are now available. Owned by a non-profit that provides affordable housing, rents are below market. There is no restriction on the buyer with regards to raising rents to market. Identical units rent for different amounts due to a formula used by the non-profit based on tenant income and family size. A rental agreements are month to month tenancies. There are no leases and no Section 8. Many of the tenants may qualify for Section 8, which pays higher than rents currently charged. Garages are currently not rented. There is a large parking lot/driveway in front and additional parking pads/driveway off alley. Rents can change daily, as tenants move in or out. The property is self managed by the non-profit. Great opportunity for the right buyer. Units are maintained as originally built and do not have dishwashers. Plumbing is galvanized, but has been replaced with galvanized pipe as needed, and is operational. Special financing available from seller for qualified buyer.
Price
Sold Price:
$1,180,000
Sold Date:08/22/2014
Los Angeles
7,162 (approx)
PW13184651
Closed
Description
Located a half block from Loma Alta Park and a few blocks from Drake Park. This building is convenient to Downtown Long Beach, Port, Anaheim corridor and public transit and freeway. Interior views of unit are now available. Owned by a non-profit that provides affordable housing, rents are below market. There is no restriction on the buyer with regards to raising rents to market. Identical units rent for different amounts due to a formula used by the non-profit based on tenant income and family size. A rental agreements are month to month tenancies. There are no leases and no Section 8. Many of the tenants may qualify for Section 8, which pays higher than rents currently charged. Garages are currently not rented. There is a large parking lot/driveway in front and additional parking pads/driveway off alley. Rents can change daily, as tenants move in or out. The property is self managed by the non-profit. Great opportunity for the right buyer. Units are maintained as originally built and do not have dishwashers. Plumbing is galvanized, but has been replaced with galvanized pipe as needed, and is operational. Special financing available from seller for qualified buyer.
Listing Information
Property Type: Cluster, Other
0.17 Acres 7,162 (approx)
1962 Yes- 7 spaces
Sewer Connected
12 Total
Neighborhood
Room Information
No Laundry Facility
Interior Features
Carpet Wall to Wall
None
Gas Heat, Wall Unit
Exterior / Lot Features
7 Garage Spaces, 15 Parking Spaces, Unassigned
None
No Pool
Block, Wrought Iron
Sidewalks, Street Lights, Barn, Curbs Walk, Urban, Alley Access
Financial Considerations
7271019030
,$16,188
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90813 has a population of 463,589.

The median household income in Long Beach, California 90813 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90813 is 33.2 years.

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Courtesy: Thornton Realty Brian Thornton
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