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… Read More 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. Read Less
Property listed by Mike Marcu, Broker, Mike Marcu 949 688 1224
Listing Snapshot
Days Online
128
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1923
MLS Number
OC25002272
Additional Details
Building
Built in 1923, Building area total: 6,499, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs, Urban
Expenses
Electric expense: $7,225, Fuel expense: $6,689, Insurance expense: $5,665, Maintenance expense: $13,138, New taxes expense: $26,789, Operating expense: $67,234, Trash expense: $1,500, Water sewer expense: $504,035, Other expense: $2,688
Based on information from California Regional Multiple Listing Service, Inc. as of 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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