CA > Long Beach
Long Beach, CA 90804,1323 Dawson Avenue
Long Beach, CA 90804,1323 Dawson Avenue
Long Beach, CA 90804,1323 Dawson Avenue
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$1,995,000
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1 Bed
2 Baths
6,464 Sqft Lot
Price Dropped by $405K

1323 Dawson Avenue Long Beach, CA 90804

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25002272

Bedrooms 1

HOA Y/N No

Lot Size 6,464 Sqft

Property Sub-Type Res Income 2-4 Units

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 Studios 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.
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 Studios 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 Long Beach (90804)

Zoning Assessor

Building

Lot Description Curbs

Story 2

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Others

Monthly Total Fees $165

Acceptable Financing Cash, Exchange

Space Rent $1,505

Listing Terms Cash, Exchange

San Diego Regional MLS (SDMLS)
Listed by Mike Marcu • Mike Marcu, Broker

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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1323 Dawson Avenue

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