
Long Beach, California 90813
This Multifamily Duplex Asset is a Strong Value Opportunity, listed at $949,000—positioned well below the $989,000 Fair Market Value by 4%. This valuation gap offers $40,000 in Instant Equity for the incoming buyer. The property maintains a Condition Rating of 3, featuring a modern, newer-construction 3-bedroom rear residence paired with a functional 1903 front unit. With three garages, a large driveway, and separate utility metering, the asset is optimized for the strong Long Beach rental market. This is a premier acquisition for Owner-Occupants seeking a high-quality house-hack or Buy-and-Hold Investors targeting a turnkey income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1146 Daisy Subject | $949,000* List Price | 0 | 0 | 2,668 | $371 | - |
A 1364 Cherry Sold | $970,000 | 0 | 0 | 2,544 | $381 | 0.3 mi |
B 816 Cherry Sold | $1,175,000 | 0 | 0 | 2,600 | $452 | 0.3 mi |
C 717 E 8th Sold | $1,020,125 | 0 | 0 | 3,432 | $297 | 1.0 mi |
D 1070 N Loma Vista Drive Active | $1,149,900 List Price | 0 | 0 | 2,644 | $435 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a modern, newer-construction rear unit (3 bed/2.5 bath) alongside a well-maintained 1903 front residence. While the front unit is aged, the overall property shows pride of ownership with a clean exterior, updated separate metering, and functional systems, though it lacks the full recent renovation required for an excellent rating.
The property features four garage spaces and a large driveway, a rare and highly valuable asset in Long Beach that significantly increases tenant appeal and rental value.
The newer construction rear unit offers a spacious 3-bedroom, 2.5-bathroom layout, providing higher rental income potential and lower immediate maintenance costs compared to older area stock.
Separately metered gas and electricity for both units, combined with the potential for utility bill-backs, allows for lower operating expenses and improved net operating income.
The front unit dates back to 1903, which may necessitate more frequent maintenance or costly upgrades to aging infrastructure compared to the newer rear structure.
The property is currently tenant-occupied with instructions not to disturb, which can complicate the inspection process and delay an owner-occupant's ability to move in or adjust rents to market rates.
Price improvement! 1146 Daisy Avenue, a two-unit multifamily property located in the Eastside neighborhood of Long Beach. The front residence offers two bedrooms, one bathroom, and an additional bonus room, while the rear unit is newer construction featuring three bedrooms and two-and-a-half bathrooms with spacious living areas designed for modern comfort. This offering appeals to both owner-users and investors seeking larger units in a strong rental market. Situated on a spacious lot, the property features three garages—two single-car garages and one detached two-car garage with direct access to the rear unit—along with a large driveway providing additional on-site parking, a rare amenity for comparable properties in the area. Both units are separately metered for gas and electricity and have individual water heaters. The property also offers the potential to implement utility bill-backs or RUBS, providing an opportunity for a new owner to reduce operating expenses and improve overall investment performance. 1146 Daisy Ave presents a compelling opportunity to acquire a well-positioned multifamily property in one of Long Beach’s strongest rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,668 | 2,544 | 60% |
| Lot Size | 7,425 | 6,559 | 73% |
| Price | $949.0K | $985.0K | 40% |
| Price per sq ft | $356 | $381 | 33% |
| Built year | 1903 | 1922 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 164 | 7% |
Mar 15, 2026
$949,000
$989,000
-4% Price Drop
Initial Listing
Mar 4, 2026
$989,000
Initial Listing
Jan 18, 2011
$211,000
Public Record
Jun 13, 2003
$310,000
Public Record
Apr 4, 2001
$239,000
Public Record
Jun 21, 2000
$159,000
Public Record