Property Detail
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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Listing provided courtesy of Mike Marcu of Mike Marcu, Broker. Last updated 2025-11-11 09:11:47.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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