Homes for sale - 1323 Dawson AVE, Long Beach, CA 90804

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Louis Bucio

louisbuciorealtor@gmail.com +1(760) 802-8348

$ 1,995,000

Est. payment | -/mo

6,464 Sqft Lot

Save

$ 1,995,000

Est. payment | -/mo

Save

6,464 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25002272

HOA Y/N No

Year Built 1923

Lot Size 6,464 Sqft

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

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Urban

Private Pool No

Building

Lot Description 36-40 Units/Acre

Story 2

Sewer Sewer Tap Paid

Water Public

New Construction No

Others

Senior Community No

Tax ID 7261021020

Energy Description 6689.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Mike Marcu • Mike Marcu, Broker • 949 688 1224

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(760) 802-8348

louisbuciorealtor@gmail.com

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