For sale
  • Listing Provided by: 

    Mike Marcu DRE #00919594 9496881224,

    Mike Marcu, Broker

    $1,995,000

    1323 Dawson Ave, Long Beach, CA 90804

    --beds
    --baths
    6,499sqft
    : 
    Multi Family
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $307/sqft
    $-- HOA

    What's special

    Single story construction
    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 Studio’s 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.
    216 days
    on Zillow
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    31
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