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Listed by Mike Marcu • Mike Marcu, Broker
$ 1,750,000
Est. payment /mo
Active
1323 Dawson Avenue Long Beach, CA 90804
6,499 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,499 sqft
Price per Sqft $269
MLS Listing ID CROC25002272
HOA Y/N No
Year Built 1923
Lot Size 6,464 Sqft
Property Sub-Type Other
Source Datashare California Regional
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 add
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
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