1323 Dawson Avenue
Long Beach, CA, 90804
$1,995,000
Beds
0 Baths
SqFt
0.15 Acres
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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.

Property Details

Price:
$1,995,000
MLS #:
OC25002272
Status:
Active
Baths:
0
Address:
1323 Dawson Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
7northlongbeach
City:
Long Beach
Listed Date:
Jan 2, 2025
State:
CA
ZIP:
90804
Lot Size:
6,464 sqft / 0.15 acres (approx)
Year Built:
1923
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Curbs, Urban
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1323 Dawson Avenue
Long Beach, CA