Long Beach, CA 90804 1061 Dawson Avenue
$2,650,000
29 more
Presented By: Matthew Martin with Coastal Oak Property Managemen; 562-476-6923
- MLS# PW25108543
- 05/15/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 16
Baths • 2
SQFT • 6,805
Garage • 14
Home Details
This is an opportunity to acquire to 1061 Dawson, a multi-family building comprised of 9 units ideally located in the heart of Long Beach, CA. This property consists of (8) 2BD/2BTH units and (1) 1BD/1BTH unit. The building is 3 stories in total, with the ground floor including the 1-bedroom unit, laundry room, storage closets, and 14 covered parking spaces. Several of the units in this gated building have been renovated to include new flooring, counters, cabinets, and paint. Each unit has a private balcony/patio, and the top floor units feature vaulted ceilings. The on-site laundry room has been fitted with an electronic payment system, eliminating the need to collect coins regularly. This property is centrally-located between Downtown, Signal Hill, the 7th Street Corridor and major freeways.
Presented By: Matthew Martin with Coastal Oak Property Managemen; 562-476-6923
Interior Features for 1061 Dawson Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories3
Other Rooms
Entry Level1
General for 1061 Dawson Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.6
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StormDrains, StreetLights, Suburban, Sidewalks
CountyLos Angeles
DirectionsFrom 7th Street, turn north on Dawson. Property is on your left after you pass through 10th Street.
Electric Expense1451.0
Electric On Property Y/NNo
Entry LocationFront
ExclusionsAll tenants personal belongings.
Fuel Expense0.0
Garage Spaces14.0
Garage Y/NYes
Gross Income227338.0
HOANo
Home Warranty Y/NNo
Insurance Expense4801.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031, Submit
Lot Size Square Feet6280.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MobileHomeRemainsYNNo
Net Operating Income122696.0
New ConstructionNo
Number Of Units Total9
Number of Units Leased9
Operating Expense93206.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameEastside (ES)
Tax Lot17
Tenant PaysAllUtilities, CableTv, Electricity, Gas, ParkingFee
Total Actual Rent221580.0
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1986
Year Built SourceAssessor
ZoningLBDELETE
Exterior for 1061 Dawson Avenue
Building Area Total6805.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSprinklersInFront, Lawn, Landscaped, SprinklerSystem
Lot Size Acres0.1442
Lot Size Area6280.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters9
Number of Separate Water Meters10
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking14.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate