CA > Long Beach
Long Beach, CA 90804,1323 Dawson AVE
Long Beach, CA 90804,1323 Dawson AVE
Long Beach, CA 90804,1323 Dawson AVE
Long Beach, CA 90804,1323 Dawson AVE
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James Olvera

James Olvera

+1(909) 760-9091
$ 1,750,000
Est. payment | /mo

6,464 Sqft Lot

Save
$ 1,750,000
Est. payment | /mo
Save

6,464 Sqft Lot

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

CRMLS – RECore
Listed by Mike Marcu Mike Marcu, Broker 949 688 1224

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