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.
Property Details
Price:
$2,400,000
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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Schools
Interior
Exterior
Community Features
Curbs, Urban
Garage Spaces
0.00
Lot Features
36-40 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Sewer Paid
Stories Total
2
Water Source
Public
Financial
Tenant Pays
None
Map
Community
- Address1323 Dawson Avenue Long Beach CA
- Area7 – North Long Beach
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
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Courtesy of Mike Marcu, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1323 Dawson Avenue
Long Beach, CA
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