$3,850,000 1036 1040 Dawson Avenue Long Beach, CA

MLS: PW21032949   Type: Income   County: Los Angeles   City: Long Beach   Area: Eastside - Circle Area   Neighborhood: Eastside   Zip: 90804     Stories: 2

Mortgage $18,075 /mo



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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.

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Price History

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

Additional Parcels Y/N Yes
Community Features Urban
Garage Spaces 8
Garage Y/N Yes
Land Lease Y/N No
Levels Two
Listing Agent Robert Stepp - BRE#01456379
Listing Agent State License 01456379
MLS Area 3 - Eastside, Circle Area
Open Parking Spaces 8
Parking Features Garage, Tandem, Uncovered
Pool Features None
Private Pool No
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
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

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Property vs Zip Code Avg (90804)

Price 3.85M Avg 2.06M

Acres 0.298577 Avg 0.16

Visits 214 Avg 104

Days on Site 120 Avg 65

Walkscore® 89 Avg 88

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Robert Stepp with Keller Williams - Santa Monica.

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA