$2,400,000
Est. payment /mo
1 BD
2 BA
6,464 Sqft Lot
Active
1323 Dawson Avenue Long Beach, CA 90804
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UPDATED:
01/05/2025 08:11 AM
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 11.12 GRM and 5.60% Capitalization Rate on current rents. The property is comprised of 10 Studios and two 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 6% range and a Market GRM in the mid 10s, 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 11.12 GRM and 5.60% Capitalization Rate on current rents. The property is comprised of 10 Studios and two 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 6% range and a Market GRM in the mid 10s, 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 11.12 GRM and 5.60% Capitalization Rate on current rents. The property is comprised of 10 Studios and two 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 6% range and a Market GRM in the mid 10s, 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
Listed by Mike Marcu • Mike Marcu, Broker