NOT LISTED FOR SALE

1241 Dawson Ave Long Beach, CA 90804

Cambodia Town Neighborhood
-- Bed
7 Baths
4,075 Sq Ft
6,472 Sq Ft Lot

Last Sold October 06, 2016

Last sale price $1,000,000 $245 Per Sq Ft

About This Home

As of October 2016

1241 Dawson Ave. represents an opportunity to own 10 well maintained apartment units in a high rental demand area in central Long Beach. Built in 1922 on a lot of 6,471 square feet, the property consists of (10) Studio + 1 bath units averaging over 400 square feet. The property in general and the interior of the units have been well maintained and many of the units have upgraded kitchens and baths. All units are horseshoe shaped with a large living/bedroom in the front and separate rooms for kitchen and bath running off each side of the main room. There is a laundry room in the rear of the courtyard with machines owned by the building. Additionally, electric and gas service are separately metered.

The subject property is located in central Long Beach, just one property south of Anaheim St, just east of Cherry Avenue. Dawson is a residential street with small apartment complexes and Single family homes lining both sides of the street. The property is located in what is termed Cambodia Town, a one mile stretch of Anaheim Street between Atlantic Ave., and Junipero Ave. The area has numerous Cambodian restaurants, clothing stores, and jewelry stores, as well as churches, temples, and service centers for Cambodian-Americans.

Last Agent to Sell the Property

Brad Miles

INCO Commercial Realty Inc License #00927860 Listed on: 07/15/2016

Last Buyer's Agent

Brad Miles

INCO Commercial Realty Inc License #00927860 Listed on: 07/15/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,472 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • 4,075 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 3695
  • Assessor Parcel Number 7261033017

Community Details

Overview

  • 7 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $512
  • Insurance Expense $2,326
  • Maintenance Expense $6,000
  • Other Expense $1,500
  • Pest Control $780
  • Professional Management Expense $4,767
  • Trash Expense $300
  • Water Sewer Expense $1,504
  • New Taxes Expense $12,000
  • Gross Income $7,945
  • Net Operating Income $61,179

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Professional Management Expense: 4767.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1504.00
  • Property Type: Residential Income
  • Parcel Number: 7261033017
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 245.40

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 780.00
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 6472.00
  • Price Per Lot Square Foot: 162.24

Multi Family

  • Electric Expense: 512.00
  • Gross Income: 7945.00
  • Gross Scheduled Income: 95340.00
  • Insurance Expense: 2326.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 6000.00
  • Net Operating Income: 61179.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 31301.00
  • Other Expense: 1500.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Vacancy Allowance: 2860
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Lot: 4
  • Tax Tract Number: 3695

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2016 10/06/16 Sold $1,000,000 -4.8% $245 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $1,050,000 -- $258 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Brad Miles

    INCO Commercial Realty Inc

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16154746

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Cambodia Town

1241 Dawson Ave, Long Beach, CA

This home is located at 1241 Dawson Ave, Long Beach, CA 90804 since 15 July 2016. This property was built in 1922. 1241 Dawson Ave is a home located in Los Angeles County with nearby schools including Willard Elementary School, Woodrow Wilson High School, and Creative Arts School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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