$2,249,000
$2,440,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
1051 Dawson AVE Long Beach, CA 90804
6,534 Sqft Lot
Key Details
Sold Price $2,249,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW20258139
Sold Date 09/30/21
HOA Y/N No
Year Built 1987
Lot Size 6,534 Sqft
Property Description
We are pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1987, the subject property consists of 6,944 rentable square feet spread throughout a 7,001 square foot lot. The unit mix consists of all 2- bedroom / 2-bathroom units. It is separately metered for gas and electricity.
Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean and Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand rental market with strong in place income in one of the best neighborhoods of Long Beach.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer, Septic Type Unknown, Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7262007022
Energy Description 1103.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Bought with Jeffrey Isenberg • Buckingham Investments, Inc