1050 Dawson Ave
8 Unit Block of Flats £1,426,923 (£178,365/Unit) 4.03% Net Initial Yield Long Beach, CA 90804
INVESTMENT HIGHLIGHTS
- Offers a Diverse Mix of One, Two, & Three-Bedroom Floor Plans
- Private Balcony (Select Unit)
- On-Site Laundry Facility, an In-Demand Rental Amenity
- Secured Pedestrian Access
- Two, One-Bedroom Units Have Been Renovated
- 4 Single-Car Garage Parking Spaces, Providing an Additional Revenue Stream
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1050 Dawson Avenue, an 8-unit multifamily investment property located in Long Beach, CA.
1050 Dawson Avenue offers a diverse mix of one, two, and three-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, select unit interiors feature vinyl and tile flooring, granite countertops, and shaker-style cabinetry. Furthermore, the property features desirable amenities including an on-site laundry facility, gated access, garage parking, and a private balcony (select unit).
1050 Dawson Avenue is situated in close proximity to a plethora of retail, dining, and entertainment options along East Anaheim Street. Additionally, the property is just over 0.50 miles from Retro Row, a retail corridor with some of the city’s most popular retail, dining, and entertainment destinations. Furthermore, 1050 Dawson Avenue benefits from its central Long Beach location, providing easy access to Downtown Long Beach, Recreation Park, and Belmont Shore.
The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 1050 Dawson Avenue.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
1050 Dawson Avenue offers a diverse mix of one, two, and three-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, select unit interiors feature vinyl and tile flooring, granite countertops, and shaker-style cabinetry. Furthermore, the property features desirable amenities including an on-site laundry facility, gated access, garage parking, and a private balcony (select unit).
1050 Dawson Avenue is situated in close proximity to a plethora of retail, dining, and entertainment options along East Anaheim Street. Additionally, the property is just over 0.50 miles from Retro Row, a retail corridor with some of the city’s most popular retail, dining, and entertainment destinations. Furthermore, 1050 Dawson Avenue benefits from its central Long Beach location, providing easy access to Downtown Long Beach, Recreation Park, and Belmont Shore.
The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 1050 Dawson Avenue.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£97,740
|
£14.11
|
| Other Income |
£1,759
|
£0.25
|
| Vacancy Loss |
£2,933
|
£0.42
|
| Effective Gross Income |
£96,566
|
£13.94
|
| Taxes |
£17,697
|
£2.55
|
| Operating Expenses |
£21,342
|
£3.08
|
| Total Expenses |
£39,039
|
£5.64
|
| Net Operating Income |
£57,527
|
£8.30
|
PROPERTY FACTS
| Price | £1,426,923 |
| Price Per Unit | £178,365 |
| Sale Type | Investment |
| Net Initial Yield | 4.03% |
| Gross Rent Multiplier | 14.34 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,927 SF |
| Number of Floors | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.58/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Balcony
- Granite Countertops
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 |
| 2+1 | 5 | - | 900 |
| 3+2 | 1 | - | 1,227 |
1 of 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 7262-006-022 | Total Assessment | £175,532 (2024) |
| Land Assessment | £20,928 (2024) | Annual Taxes | £17,697 (£2.55/sf) |
| Improvements Assessment | £154,604 (2024) | Tax Year | 2025 Payable 2025 |
ZONING
| Zoning Code | LBR2N |
