1323 Dawson Avenue

Long Beach, CA 90804

$2,400,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1923

calendar_month Built

Property Description

1323 Dawson Avenue is a 12-unit apartment asset in Long Beach, California. The property is offered at 11.12 GRM and 5.60% Capitalization Rate on current rents. The property is comprised of 10 Studio’s and two 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 6% range and a Market GRM in the mid 10’s, this property offers a strong cash flow investment opportunity.

Listing Information

List Price $2,400,000
Status Active
MLS OC25002272
Type Residential Income
Subtype Apartment
Year Built 1923
Lot Size 6,464
Structure Size N/A
Courtesy Of Mike Marcu, Broker
Listing Agent Mike Marcu DRE#00919594

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Mike Marcu, Mike Marcu, Broker 949 688 1224. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 5th, 2025 at 1:00 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.