1050 Dawson Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,850,000 USD
714-713-9086
1050 Dawson Ave, Long Beach, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/9
null | 4.03% Cap Rate

1050 Dawson Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Offers a Diverse Mix of One, Two, & Three-Bedroom Floor Plans
  • Secured Pedestrian Access
  • Private Balcony (Select Unit)
  • Two, One-Bedroom Units Have Been Renovated
  • On-Site Laundry Facility, an In-Demand Rental Amenity
  • 4 Single-Car Garage Parking Spaces, Providing an Additional Revenue Stream

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1050 Dawson Avenue, an 8-unit multifamily investment property located in Long Beach, CA. 1050 Dawson Avenue offers a diverse mix of one, two, and three-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, select unit interiors feature vinyl and tile flooring, granite countertops, and shaker-style cabinetry. Furthermore, the property features desirable amenities including an on-site laundry facility, gated access, garage parking, and a private balcony (select unit). 1050 Dawson Avenue is situated in close proximity to a plethora of retail, dining, and entertainment options along East Anaheim Street. Additionally, the property is just over 0.50 miles from Retro Row, a retail corridor with some of the city’s most popular retail, dining, and entertainment destinations. Furthermore, 1050 Dawson Avenue benefits from its central Long Beach location, providing easy access to Downtown Long Beach, Recreation Park, and Belmont Shore. The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 1050 Dawson Avenue. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

8

PRICE/UNIT

$231,250

CAP RATE

4.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

LBR2N

APN/PARCEL ID

7262-006-022

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.