1323 Dawson ave, Long Beach, CA 90804
Active
$1,995,000
17%
12 Units
1 Beds
2 Baths
6,499 Area(sq.ft.)
Lot: 6,464 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 10 | studio | 1 | No | $ 1,505 | $ 15,052 | $ 16,000 |
| Unit 2 | 2 | 1 | 1 | No | $ 1,863 | $ 3,725 | $ 3,850 |
| 12 | 2 | 12 | $ 18,776 | $ 157,970 | $ 167,700 |
| MLS #: | OC25002272MR |
| Days On Market: | 347 |
| Listing Date: | January 2, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 307 |
| Price per unit: | $ 166,250 |
| Year Built: | 1923 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 214,058 |
| Total Annual Expense: | $ 67,234 |
| Net Operating Income: | $ 146,824 |
| Cap Rate: | 7.36% |
| Gross Rent Multiplier: | 8.85 |
Structure
| Community Features: | Curbs, Urban |
| Sewer: | In Street Paid |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
Interior
| Laundry: | None |
Exterior
| Pool: | No |
Detailed Map
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Income
