
1323 Dawson Ave Long Beach, CA 90804
Cambodia Town NeighborhoodEstimated payment $13,013/month
About This Home
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.
Listing Agent
Mike Marcu, Broker Brokerage Phone: 949 688 1224 License #00919594 Listed on: 01/04/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,464 Sq Ft Lot
- Two or More Common Walls
- Density is 36-40 Units/Acre
Home Design
- Apartment
Interior Spaces
- 6,499 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Additional Features
- Urban Location
- Sewer Paid
Listing and Financial Details
- Legal Lot and Block 18 / A
- Tax Tract Number 21
- Assessor Parcel Number 7261021020
- $1,982 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 12 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $7,225
- Fuel Expense $6,689
- Insurance Expense $5,665
- Maintenance Expense $13,138
- Other Expense $2,688
- Professional Management Expense $9,600
- Trash Expense $1,500
- Water Sewer Expense $504,035
- New Taxes Expense $26,789
- Operating Expense $67,234
- Gross Income $214,058
- Net Operating Income $146,824
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/10/2025 04/10/25 | Price Changed | $1,995,000 | -16.9% | $307 / Sq Ft |
01/04/2025 01/04/25 | For Sale | $2,400,000 | +160.9% | $369 / Sq Ft |
05/28/2015 05/28/15 | Sold | $920,000 | -16.4% | $173 / Sq Ft |
03/14/2015 03/14/15 | Pending | -- | -- | -- |
01/21/2015 01/21/15 | For Sale | $1,100,000 | -- | $207 / Sq Ft |
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Source: California Regional Multiple Listing Service (CRMLS)
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