1323 Dawson AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,499 sqft
Price per Sqft $306
Subdivision Other (Othr)
MLS Listing ID OC25002272
HOA Y/N No
Year Built 1923
Lot Size 6,464 Sqft
Acres 0.1484
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR2N
Interior
Laundry None
Exterior
Pool None
Community Features Curbs,Urban
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Sewer Sewer Paid
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW INSTRUCTIONS Subject to Accepted Offer