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Listed price in listed location currency (USD).
$1,750,000

000

MLS® OC25002272

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage No
HOA Fees $14,200
Taxes 
Days Active 361
Approx. Age 1923
MLS® Number OC25002272

Property Address: 1323 Dawson Ave, Long Beach, CA, 90804-2209

Average square foot calculated using Size range provided by listing agent.

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 8.59% capitalization rate and 7.27 GRM on stabilized current rents, meaning the 3 vacant units are renovated and rented. 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. Market rent, returns exceed a 9.40% capitalization rate and a 6.94 GRM, positioning this asset as a rare opportunity to secure double-digit cash-on-cash returns with additional upside.
MLS® NumberOC25002272
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelNone
Exposure
Exterior
GarageNo
Approx. Age1923
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 5, 2025List Date
$1,750,000List Price

Home Appraisal

This property is estimated to sell between: $1,750,000 and $2,001,000.
Similar properties in this area sold on average for: $1,916,714
Expected to sell very soon! Similar properties sold in 89 days. This home has been on eXp Realty for 361 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1323 Dawson Ave, Long Beach, CA

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