Address
Dawson Avenue Long Beach, CA
Price
$ 3,850,000
Property Attributes
  • MLS#PW21032949
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaEastside - Circle Area
  • NeighborhoodEastside
  • Zip90804
  • Style
  • Price$ 3,850,000
  • Bedrooms14
  • Full Bathrooms14
  • Half Bathrooms0
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Robert Stepp with Keller Williams - Santa Monica.
Data Source:
CRMLS
Property Description

1036-40 Dawson Avenue is a 14-unit apartment building in highly desirable Eastside Long Beach. The property features a desirable mix of one and two bedroom units and ample parking with eight garages and eight tandem spaces. The asset is separately metered for gas and electric. Immediate rental upside is available by bringing Section 8 tenants up to the maximum allowable rents as determined by the Long Beach Housing Department. There is approximately ± 20% rental upside potential and the ability to achieve extra upside by renting out the remaining garage/ spaces for additional income. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents.

Price History
2/17/2021 Listed $3,850,000

General Features

Additional Parcels Y/N Yes
Community Features Urban
Garage Spaces 8
Garage Y/N Yes
Levels Two
MLS Area 3 - Eastside, Circle Area
Open Parking Spaces 8
Parking Features Garage, Tandem, Uncovered
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Subdivision Name Eastside (ES)
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 14
Water Sewer Expense 1575
Zoning LBR2N

Interior Features

Common Walls 2+ Common Walls
Laundry Features Laundry Room

Exterior Features

Lot Features 11-15 Units/Acre
Lot Size Acres 0.3
Lot Size Area 13006
Lot Size Source Assessor
Lot Size Square Feet 13006
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 16
Number of Separate Gas Meters 16
Number of Separate Water Meters 1
Total Parking 16
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90804

Price
AVG $1.57M
$3.85M
Visits
AVG 81
103
Year Built
AVG 1951
1960
Walkscore
AVG 88
89
Data Provided by Walkscore ® not using MLS data

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