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Listed by Mike Marcu • Mike Marcu, Broker
$ 1,995,000
Est. payment /mo
Price Dropped by $405K
1323 Dawson AVE Long Beach, CA 90804
6,464 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25002272
Originating Board California Regional MLS
Year Built 1923
Lot Size 6,464 Sqft
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
Interior
Laundry None
Exterior
Pool None
Building
Sewer Sewer Available
Water District - Public
Others
Tax ID 7261021020
Special Listing Condition Not Applicable
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