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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.
Last Updated | 1/4/2025 | Tract | other |
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Year Built | 1923 | Community | North Long Beach |
County | Los Angeles |
Additional Details
AREA | North Long Beach |
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LOT | 6464 sq ft |
LOT DESCRIPTION | 36-40 Units/Acre |
POOL DESCRIPTION | None |
SEWER | Sewer Tap Paid |
STORIES | 2 |
SUBDIVISION | other |
WATER | Public |
ZONING | LBR2N |
Location
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