Active
$1,850,000
8 Units
6 Beds
4 Baths
6,927 Area(sq.ft.)
Lot: 6,534 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 1 | 1 | No | $ 3,075 | $ 3,075 | $ 3,390 |
| Unit 2 | 5 | 2 | 1 | No | $ 6,215 | $ 6,215 | $ 10,975 |
| Unit 3 | 1 | 3 | 2 | No | $ 1,270 | $ 1,270 | $ 2,795 |
| 8 | 15 | 9 | $ 38,495 | $ 38,495 | $ 64,450 |
| MLS #: | OC25040680MR |
| Days On Market: | 285 |
| Listing Date: | February 24, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 267 |
| Price per unit: | $ 231,250 |
| Year Built: | 1963 |
Property Details
1050 Dawson Avenue is an 8-unit multifamily investment property located in Long Beach, CA. 1050 Dawson Avenue offers a diverse mix of one, two, and three-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, select unit interiors feature vinyl and tile flooring, granite countertops, and shaker-style cabinetry. Furthermore, the property features desirable amenities including an on-site laundry facility, gated access, garage parking, and a private balcony (select unit). 1050 Dawson Avenue is situated in close proximity to a plethora of retail, dining, and entertainment options along East Anaheim Street. Additionally, the property is just over 0.50 miles from Retro Row, a retail corridor with some of the city s most popular retail, dining, and entertainment destinations. Furthermore, 1050 Dawson Avenue benefits from its central Long Beach location, providing easy access to Downtown Long Beach, Recreation Park, and Belmont Shore. The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 1050 Dawson Avenue.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 122,918 |
| Total Annual Expense: | $ 50,614 |
| Net Operating Income: | $ 74,584 |
| Cap Rate: | 4.03% |
| Gross Rent Multiplier: | 14.34 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
Interior
| Laundry: | Community |
Exterior
| Pool: | No |
Detailed Map
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Income
