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.
Sewer: Sewer Paid
Water Source: Public
Lot Features: 36-40 Units/Acre
Parcel Identification Number: 7261021020
Year Built Source: Assessor
Common Walls: 2+ Common Walls
Laundry Features: None
Laundry: Has Laundry
Zoning: LBR2N
MLSAreaMajor: 7 - North Long Beach
Street Address: 1323 Dawson Avenue
City: Long Beach
State: California
Postal Code: 90804
County: Los Angeles
MLS Number: OC25002272
Year Built: 1923
Courtesy of Mike Marcu, Broker
City: Long Beach
State: California
Postal Code: 90804
County: Los Angeles
MLS Number: OC25002272
Year Built: 1923
Courtesy of Mike Marcu, Broker
Courtesy of Keller Williams Realty Downey
