Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90804 1124 Dawson Avenue

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Presented By: Bret Lewis with Bret Lewis, Broker; 480-225-6616
  • MLS# PW25073637
  • 04/04/2025
  • Request Tour
  • Request Info
  • Beds • 9
  • Baths • 6
  • SQFT • 3,940
  • Garage • 3
  • Year Built • 1958

Home Details

This beautifully remodeled 4-unit property in the heart of Zaferia presents an incredible investment opportunity with strong rental income potential. Spanning 3,940 square feet on a 6,537-square-foot lot, this spacious building consists of two 3-bedroom, 2-bathroom units, one 2-bedroom, 1-bathroom unit, and one 1-1, one-bathroom unit. With proforma rents of $3,650 and $3,150 for the three-bedroom units, $2,550 for the two-bedroom unit, and $2,150 for the one-bedroom unit, this property offers a projected monthly rental income $11,400 ($137,400 annually), making it a true cash cow for investors. The property includes 3 garages and 2 uncovered parking spaces, ensuring ample parking for tenants. Recent renovations have enhanced the interiors, offering modern finishes and attractive living spaces that are highly desirable in today’s rental market. Located in the vibrant Zaferia neighborhood of Long Beach, this property is surrounded by a mix of historic charm and modern conveniences. Originally established as a streetcar suburb, Zaferia has evolved into a dynamic district known for its eclectic dining, boutique shopping, and thriving local businesses. Just minutes away, tenants can enjoy popular spots like The Bamboo Club, a beloved tiki bar and restaurant, and Los Compadres, known for its authentic Mexican cuisine. Nearby coffee shops such as Commodity and Black Dog Coffee Roasters provide great local hangouts, while retail options like Lazy Acres Natural Market and LBX Exchange offer convenient shopping experiences. The neighborhood is also adjacent to Rose Park and just a short drive from Cal State Long Beach, Retro Row, and Belmont Shore, making it an attractive location for a wide range of tenants.
Presented By: Bret Lewis with Bret Lewis, Broker; 480-225-6616

Interior Features for 1124 Dawson Avenue

Other Interior Features

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

Other Rooms

Entry Level

General for 1124 Dawson Avenue

Additional Parcels Y/NNo
AppliancesGasRange, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesUrban
CountyLos Angeles
Directions10th and Junipero: Head East, North (R) on Dawson.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location
Expected Active Date 2025-04-18
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income138000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Exchange1031, FHA, VaLoan
Lot Size Square Feet6537.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MobileHomeRemainsYNNo
Net Operating Income138000.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased0
Open Parking Spaces2.0
Operating Expense0.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot9
Total Actual Rent0.0
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
ZoningLBR2N

Exterior for 1124 Dawson Avenue

Building Area Total3940.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.1501
Lot Size Area6537.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $1,649,000
MLS#PW25073637
List Date 04/04/2025
Property Type Multi-Family
Request Tour
Request Info

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