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Listed by Mike Marcu • Mike Marcu, Broker
$ 1,995,000
Est. payment /mo
Price Dropped by $405K
1323 Dawson Avenue Long Beach, CA 90804
6,499 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,499 sqft
Price per Sqft $306
MLS Listing ID OC-25002272
Year Built 1923
Lot Size 6,464 Sqft
Property Sub-Type Apartment
Property Description
1323 Dawson Avenue is a 12-unit apartment asset in Long Beach, California. The property is offered at 8.85 GRM and 7.36% Capitalization Rate on current rents. The property is comprised of 10 Studio's and 2 one-bedroom apartments, with most of the units being single story construction. Parking is off site and utilities are master metered, providing additional income upside through the implementation of a RUBS program. With a market rent Capitalization Rate above the 7.5% range and an attractive Market GRM, this property offers a strong cash flow investment opportunity.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR2N
Interior
Laundry None
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Urban
Building
Lot Description 36-40 Units/Acre
Sewer Sewer Paid