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1323 Dawson Ave
For Sale $1,750,000
$1,750,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,464 Sq Ft
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,750,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7261021020 |
| MLS # | OC25002272 |
| Property ID | 294287482 |
| Lot Sqft | 6,464 |
| Zoning | LBR2N |
| Total Units | 12 |
| Days on Market | 337 |
| Original List Price | $2,400,000 |
| Date Updated | November 04, 2025 |
| Date Created | January 02, 2025 |
Listing Provided By
Mike Marcu an agent of . Lic #00919594
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 04, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT