Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90804 1050 Dawson Avenue

1050 Dawson Avenue Long Beach, CA - Image 11050 Dawson Avenue Long Beach, CA - Image 21050 Dawson Avenue Long Beach, CA - Image 3
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Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
  • MLS# OC25040680
  • 02/24/2025
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  • Beds • 15
  • Baths • 4
  • SQFT • 6,927
  • Garage • 4
  • Year Built • 1963

Home Details

1050 Dawson Avenue is an 8-unit multifamily investment property located in Long Beach, CA. 1050 Dawson Avenue offers a diverse mix of one, two, and three-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, select unit interiors feature vinyl and tile flooring, granite countertops, and shaker-style cabinetry. Furthermore, the property features desirable amenities including an on-site laundry facility, gated access, garage parking, and a private balcony (select unit). 1050 Dawson Avenue is situated in close proximity to a plethora of retail, dining, and entertainment options along East Anaheim Street. Additionally, the property is just over 0.50 miles from Retro Row, a retail corridor with some of the city’s most popular retail, dining, and entertainment destinations. Furthermore, 1050 Dawson Avenue benefits from its central Long Beach location, providing easy access to Downtown Long Beach, Recreation Park, and Belmont Shore. The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 1050 Dawson Avenue.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com

Interior Features for 1050 Dawson Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 1050 Dawson Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.03
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
DirectionsCross Streets of Dawson Avenue & East 10th Street
Electric Expense2000.0
Electric On Property Y/NNo
Entry LocationFirst level
Fuel Expense2000.0
Garage Spaces4.0
Garage Y/NYes
Gross Income129000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense6800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet6534.0
Lot Size UnitsAcres
MLS Area3 - Eastside, Circle Area
MaintenanceExpense5600.0
MobileHomeRemainsYNNo
Net Operating Income74584.0
New ConstructionNo
Number Of Units Total8
Operating Expense50614.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameEastside (ES)
Tax Lot19
Taxes$22,944
Trash Expense2000.0
Water Sewer Expense2000.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningLBR2N

Exterior for 1050 Dawson Avenue

Building Area Total6927.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.15
Lot Size Area0.15
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,850,000
MLS#OC25040680
List Date 02/24/2025
Property Type Multi-Family
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