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$ 1,995,000
Est. payment | /mo
1 Bed
2 Baths
6,464 Sqft Lot
$ 1,995,000
Est. payment | /mo
1 Bed
2 Baths
6,464 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25002272
Bedrooms 1
HOA Y/N No
Lot Size 6,464 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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 Studios 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.
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 Studios 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.
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 Studios 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.
Location
State CA
County Los Angeles
Area Long Beach (90804)
Zoning Assessor
Building
Lot Description Curbs
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Others
Monthly Total Fees $165
Acceptable Financing Cash, Exchange
Space Rent $1,505
Listing Terms Cash, Exchange
Listed by Mike Marcu • Mike Marcu, Broker
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