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$ 2,400,000
Est. payment /mo
New
1323 Dawson AVE Long Beach, CA 90804
6,464 Sqft Lot
UPDATED:
01/05/2025 01:00 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25002272
HOA Y/N No
Year Built 1923
Lot Size 6,464 Sqft
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 Studio's 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 10's, this property offers a strong cash flow investment opportunity.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR2N
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Urban
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 7261021020
Energy Description 6689.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Mike Marcu • Mike Marcu, Broker • 562-260-0940