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    1036 1040 Dawson Avenue

    Long Beach, CA 90804
    • $3,850,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: PW21032949
    UPDATED: 43 min ago
    $3,850,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,556
      SQFT
    • $365
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T12:34:15.363. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/114299312
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    1036 1040 Dawson Avenue Long Beach, CA 90804

    • Price: $3,850,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: PW21032949
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    10,556
    SQFT
    $365
    $/SQFT
    1960
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    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.
    Exterior Features

    Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 16 Open Parking Spaces 8 Parking Features GarageTandemUncovered Parking Total 16 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN Yes Common Interest Community Apartment Community Features Urban Electric Expense 1575 Fuel Expense 1575 Garage YN Yes Gross Income 243778 Gross Scheduled Income 256608 Insurance Expense 4222 Land Lease YN No Laundry Features Laundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 5250 Net Operating Income 164288 New Construction YN No New Taxes Expense 48078 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Operating Expense 79489 Other Expense 2450 Pest Control Expense 500 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1575 Water Sewer Expense 1575 Water Source Public Zoning Lbr2n

    Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T12:34:15.363. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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