1119 Dawson Avenue

  • Long Beach

  • $2,200,000
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Residential Income Details

Description
An investment in 1119 Dawson Ave., Long Beach represents an opportunity to acquire 9 apartment units in a solid rental area of central Long Beach. Built in 1987, the property consists of (8) 2 bed + 2 bath units and (1) 1 bed + 1 bath units. Units average 865 square feet. The property features all copper plumbing, which substantially reduces plumbing repair expense and pitched roofs, which also have the longest life spans available. Additionally, the property offers 12 onsite parking spaces within a gated parking garage at grade level. The building is situated on a 7,790-square foot lot on the west side of Dawson Ave., between 7th St and Anaheim St. There is easy access to Downtown Long Beach, Port areas, San Pedro, 710 freeway and areas East on 7th street. Ample grocery, restaurant and other retail establishments are located within a short distance to the property This area is considered by many to be the highest demand rental area in Long Beach. The zip code 90804 has seen rent increases of over 15% per year for the last 3 years. However, currently ownership has not pushed rents to mid/high market.
Essential
MLS #PW18080933
Price$2,200,000
Number of Units9
Sale TypeStandard
StatusPending
Listing BrokerageJustin White
Listing AgentJustin White
Listing Agent BRE #01267826
Interior
Exterior
ParkingCovered Parking,Gated
Garage Spaces12
PoolNone
Community
Area7 - North Long Beach
TractNorth Long Beach (NLB)
CommunityCurbs
Address1119 Dawson Avenue
CityLong Beach
CountyLos Angeles
StateCA
ZipCode90804
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, September 12, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.