514 Daisy Avenue, Long Beach, California 90802, Long Beach, 90802 - bed, bath
ACTIVE$660,000
514 Daisy Avenue, Long Beach, California 90802
0Bed
0Bath
948Sqft
2,508Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown Location: Situated in the vibrant heart of Downtown Long Beach, offering incredible proximity to popular attractions like the Pike Outlets, the beautiful Long Beach coastline, and a lively urban environment.
Top Cons:
Advanced Age of Structure: Built in 1923, the property likely requires significant investment for updates to outdated systems (e.g., plumbing, electrical) and general modernization to meet contemporary standards.
Compared to the nearby listings
Price:$660.0K vs avg $1.05M ($-390,000)9%
Size:948 sqft vs avg 2,688 sqft9%
Price/sqft:$696 vs avg $48891%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property is over 100 years old with no indication of recent major renovations. The listing explicitly states 'Advanced Age of Structure' and that it 'likely requires significant investment for updates to outdated systems (e.g., plumbing, electrical) and general modernization.' Without any interior images, particularly of the kitchen and bathrooms, and given the age and stated need for system updates, it's highly probable that the interior is severely dated and requires substantial rehabilitation to meet current standards for safety, comfort, and aesthetics. While tenant-occupied, suggesting it's not a tear-down, the required investment for systems and modernization aligns with a 'poor' condition.
Year Built
1923
Close
-
List price
$660K
Original List price
$660K
Price/Sqft
$696
HOA
-
Days on market
-
Sold On
-
MLS number
DW25085974
Home ConditionPoor
Features
Patio
View-
About this home
Unlock the potential of this fantastic duplex located at 514 Daisy Ave in the vibrant heart of Downtown Long Beach! Situated in a prime location, this property offers incredible proximity to the popular Pike Outlets, the beautiful Long Beach coastline, and the exciting energy of downtown. Imagine the convenience of strolling to shops, restaurants, entertainment, and the sandy shores just moments from your doorstep. This duplex sits on a lot of approximately 2508 square feet and is currently tenant-occupied, presenting an immediate income-generating opportunity for investors or the potential for future owner-occupancy. The property is zoned LBPD30, offering possibilities for various uses and development (buyer to verify with the City of Long Beach)
Nearby schools
5/10
Edison Elementary School
Public,•K-5•0.1mi
7/10
International Elementary School
Public,•K-5•0.5mi
7/10
Stevenson Elementary School
Public,•K-5•0.9mi
6/10
Chavez Elementary School
Public,•K-5•1.0mi
7/10
Roosevelt Elementary School
Public,•K-5•1.2mi
7/10
Lincoln Elementary School
Public,•K-5•1.4mi
6/10
Washington Middle School
Public,•6-8•0.9mi
6/10
Franklin Classical Middle School
Public,•6-8•1.2mi
6/10
Polytechnic High School
Public,•9-12•1.3mi
3/10
Cabrillo High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
10/02/19
Sold
$560,000
06/13/14
Sold
$340,000
10/15/09
Sold
$170,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old with no indication of recent major renovations. The listing explicitly states 'Advanced Age of Structure' and that it 'likely requires significant investment for updates to outdated systems (e.g., plumbing, electrical) and general modernization.' Without any interior images, particularly of the kitchen and bathrooms, and given the age and stated need for system updates, it's highly probable that the interior is severely dated and requires substantial rehabilitation to meet current standards for safety, comfort, and aesthetics. While tenant-occupied, suggesting it's not a tear-down, the required investment for systems and modernization aligns with a 'poor' condition.
Pros & Cons
Pros
Prime Downtown Location: Situated in the vibrant heart of Downtown Long Beach, offering incredible proximity to popular attractions like the Pike Outlets, the beautiful Long Beach coastline, and a lively urban environment.
Immediate Income Generation: The property is currently tenant-occupied, providing an immediate and consistent income stream for investors from day one.
Significant Development Potential: Zoned LBPD30, this property offers possibilities for various uses and future development, potentially increasing its long-term value and utility.
Duplex Configuration: As a duplex, it provides flexibility for investors seeking multiple income streams or for an owner-occupant looking to live in one unit and rent out the other for supplemental income.
High Walkability & Lifestyle: Enjoy the convenience of strolling to nearby shops, restaurants, entertainment venues, and the sandy shores, promoting a desirable and active urban lifestyle.
Cons
Advanced Age of Structure: Built in 1923, the property likely requires significant investment for updates to outdated systems (e.g., plumbing, electrical) and general modernization to meet contemporary standards.
Small Lot and Unit Sizes: With a lot size of 2508 sqft and a total living area of 948 sqft for a duplex, the property offers limited outdoor space and potentially compact individual unit sizes, which may affect tenant appeal or future expansion.
Development Verification Uncertainty: The stated development potential under LBPD30 zoning explicitly requires 'buyer to verify with the City of Long Beach,' introducing potential complexities, costs, and risks in realizing this value.