1323 Dawson AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25002272
HOA Y/N No
Year Built 1923
Lot Size 6,464 Sqft
Property Sub-Type Apartment
Property Description
1323 Dawson Avenue is situated in Eastside Long Beach, a dynamic infill neighborhood with strong renter demand. The area features a mix of long-term residential ownership, smaller multifamily communities, and steady tenant turnover that supports consistent rental income. Residents enjoy walkable access to everyday conveniences, local restaurants, and schools, with nearby parks and public transit providing additional connectivity. Its central location offers quick access to Downtown Long Beach, Signal Hill, and major freeways, making it attractive to a wide renter base and positioning the neighborhood as a stable, long-term investment environment.
From an investment perspective, 1323 Dawson Avenue delivers immediate and compelling returns. The property is offered at a 7.83% capitalization rate and 7.83 GRM on current rents, providing above-market cash flow from day one. With ten studios and two one-bedroom units, the property's efficient unit mix caters to strong tenant demand in the submarket. Master-metered utilities present a clear opportunity to implement RUBS, enhancing NOI and boosting long-term value. On market rents, returns exceed a 9.17% capitalization rate and a 7.35 GRM, positioning this asset as a rare opportunity to secure double-digit cash-on-cash returns with additional upside.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR2N
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs,Urban
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 7261021020
Energy Description 6689.0
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard