Long Beach, CA 90804 1323 Dawson Avenue
$1,995,000
Presented By: Mike Marcu with Mike Marcu, Broker; 949 688 1224
Beds • 2
Baths • 2
SQFT • 6,499
Year Built • 1923
Home Details
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.
Presented By: Mike Marcu with Mike Marcu, Broker; 949 688 1224
Interior Features for 1323 Dawson Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1323 Dawson Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.36
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Urban
CountyLos Angeles
DirectionsAnaheim Blvd to Dawson north
Electric Expense7225.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense6689.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
Home Warranty Y/NNo
Insurance Expense5665.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet6464.0
Lot Size UnitsSquareFeet
MLS Area7 - North Long Beach
MaintenanceExpense13138.0
MobileHomeRemainsYNNo
Net Operating Income146824.0
New ConstructionNo
Number Of Units Total12
Operating Expense67234.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision Nameother
Tax Lot18
Taxes$26,789
Tenant PaysNone
Trash Expense1500.0
Water Sewer Expense504035.0
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLBR2N
Exterior for 1323 Dawson Avenue
Building Area Total6499.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesThirtySixToFortyUnitsAcre
Lot Size Acres0.1484
Lot Size Area6464.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$1,995,000
MLS#OC25002272
List Date
01/04/2025
Property Type
Multi-Family
Phone
(562) 818-1655
