Seller's Agent in 2018
Justin White
Justin White
(714) 231-2537
46 Total Sales
1119 Dawson Ave Unit 9 Long Beach, CA 90804
Cambodia Town Neighborhood
3
Beds
3
Baths
7,790
Sq Ft
6,534
Sq Ft Lot
Highlights
- Gated Parking
- Woodrow Wilson High School Rated A
- Laundry Room
About This Home
As of October 2018An investment in 1119 Dawson Ave., Long Beach represents an opportunity to acquire 9 apartment units in a solid rental area of central Long Beach. Built in 1987, the property consists of (8) 2 bed + 2 bath units and (1) 1 bed + 1 bath units. Units average 865 square feet. The property features all copper plumbing, which substantially reduces plumbing repair expense and pitched roofs, which also have the longest life spans available. Additionally, the property offers 12 onsite parking spaces within a gated parking garage at grade level.
The building is situated on a 7,790-square foot lot on the west side of Dawson Ave., between 7th St and Anaheim St. There is easy access to Downtown Long Beach, Port areas, San Pedro, 710 freeway and areas East on 7th street. Ample grocery, restaurant and other retail establishments are located within a short distance to the property
This area is considered by many to be the highest demand rental area in Long Beach. The zip code 90804 has seen rent increases of over 15% per year for the last 3 years. However, currently ownership has not pushed rents to mid/high market.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 6,534 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 12 Car Garage
- Parking Available
- Gated Parking
Home Design
- Property Attached
Interior Spaces
- 7,790 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 5769
- Assessor Parcel Number 7261033023
Community Details
Building Details
- Electric Expense $600
- Fuel Expense $1,246
- Insurance Expense $2,337
- Maintenance Expense $5,850
- Other Expense $1,200
- Pest Control $720
- Professional Management Expense $7,714
- Trash Expense $788
- Water Sewer Expense $3,194
- New Taxes Expense $26,400
- Operating Expense $50,049
- Gross Income $154,284
- Net Operating Income $99,606
Additional Features
- 9 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2018 10/10/18 | Sold | $2,145,000 | -2.5% | $275 / Sq Ft |
| 08/10/2018 08/10/18 | Pending | -- | -- | -- |
| 07/30/2018 07/30/18 | Price Changed | $2,200,000 | -3.3% | $282 / Sq Ft |
| 04/27/2018 04/27/18 | Price Changed | $2,275,000 | -2.8% | $292 / Sq Ft |
| 02/21/2018 02/21/18 | For Sale | $2,340,000 | 0.0% | $300 / Sq Ft |
| 02/24/2014 02/24/14 | Rented | $1,300 | 0.0% | -- |
| 01/25/2014 01/25/14 | Under Contract | -- | -- | -- |
| 01/10/2014 01/10/14 | For Rent | $1,300 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Buyer's Agent in 2018
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
182 Total Sales
-
E
Seller's Agent in 2014
Eric Adrian
CA Property Management
(562) 489-3704
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18080933
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