1323 Dawson AVE Long Beach, CA 90804
Active
$2,400,000
12 Units
1 Beds
2 Baths
6,499 Area(sq.ft.)
6,464 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
Unit 1 | 10 | studio | 1 | No | $ 1,505 | $ 15,052 | $ 16,000 |
Unit 2 | 2 | 1 | 1 | No | $ 1,863 | $ 3,725 | $ 3,850 |
2 | 12 | 2 | 12 | $ 18,776 | $ 157,970 | $ 167,700 |
MLS #: | OC25002272MR |
Days On Market: | 0 |
County: | Los Angeles |
Property Type: | Residential Income |
Price per ft2: | $ 369 |
Price per unit: | $ 200,000 |
Year Built: | 1923 |
Property Details
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.Interested in this Listing?
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Income Details
Rent Control: | False |
Gross Operating Income: | $ 204,938 |
Total Annual Expense: | $ 70,445 |
Net Operating Income: | $ 134,493 |
Structure
Community Features: | Curbs, Urban |
Sewer: | In Street Paid |
Water: | Public |
Land & Parking
Zoning: | LBR2N |
Land Lease Type: | Fee |
Interior
Laundry: | None |
Exterior
Pool: | No |
Detailed Map
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