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. Listed by Justin White, Justin White.