$1,650,000
$1,649,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
1124 Dawson Avenue Long Beach, CA 90804
9 Beds
6 Baths
6,537 Sqft Lot
Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25073637
Sold Date 06/04/25
Bedrooms 9
HOA Y/N No
Lot Size 6,537 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This beautifully remodeled 4-unit property in the heart of Zaferia presents an incredible investment opportunity with strong rental income potential. Spanning 3,940 square feet on a 6,537-square-foot lot, this spacious building consists of two 3-bedroom, 2-bathroom units, one 2-bedroom, 1-bathroom unit, and one 1-1, one-bathroom unit. With proforma rents of $3,650 and $3,150 for the three-bedroom units, $2,550 for the two-bedroom unit, and $2,150 for the one-bedroom unit, this property offers a projected monthly rental income $11,400 ($137,400 annually), making it a true cash cow for investors. The property includes 3 garages and 2 uncovered parking spaces, ensuring ample parking for tenants. Recent renovations have enhanced the interiors, offering modern finishes and attractive living spaces that are highly desirable in todays rental market. Located in the vibrant Zaferia neighborhood of Long Beach, this property is surrounded by a mix of historic charm and modern conveniences. Originally established as a streetcar suburb, Zaferia has evolved into a dynamic district known for its eclectic dining, boutique shopping, and thriving local businesses. Just minutes away, tenants can enjoy popular spots like The Bamboo Club, a beloved tiki bar and restaurant, and Los Compadres, known for its authentic Mexican cuisine. Nearby coffee shops such as Commodity and Black Dog Coffee Roasters provide great local hangouts, while retail options like Lazy Acres Natural Market and LBX Exchange offer convenient shopping experiences. The neighborhood is also adjacent to Rose Park and just a sho
This beautifully remodeled 4-unit property in the heart of Zaferia presents an incredible investment opportunity with strong rental income potential. Spanning 3,940 square feet on a 6,537-square-foot lot, this spacious building consists of two 3-bedroom, 2-bathroom units, one 2-bedroom, 1-bathroom unit, and one 1-1, one-bathroom unit. With proforma rents of $3,650 and $3,150 for the three-bedroom units, $2,550 for the two-bedroom unit, and $2,150 for the one-bedroom unit, this property offers a projected monthly rental income $11,400 ($137,400 annually), making it a true cash cow for investors. The property includes 3 garages and 2 uncovered parking spaces, ensuring ample parking for tenants. Recent renovations have enhanced the interiors, offering modern finishes and attractive living spaces that are highly desirable in todays rental market. Located in the vibrant Zaferia neighborhood of Long Beach, this property is surrounded by a mix of historic charm and modern conveniences. Originally established as a streetcar suburb, Zaferia has evolved into a dynamic district known for its eclectic dining, boutique shopping, and thriving local businesses. Just minutes away, tenants can enjoy popular spots like The Bamboo Club, a beloved tiki bar and restaurant, and Los Compadres, known for its authentic Mexican cuisine. Nearby coffee shops such as Commodity and Black Dog Coffee Roasters provide great local hangouts, while retail options like Lazy Acres Natural Market and LBX Exchange offer convenient shopping experiences. The neighborhood is also adjacent to Rose Park and just a short drive from Cal State Long Beach, Retro Row, and Belmont Shore, making it an attractive location for a wide range of tenants.
Location
State CA
County Los Angeles
Area Long Beach (90804)
Zoning Assessor
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $76
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Space Rent $3,650
Listing Terms Cash, Conventional, Exchange, FHA, VA
Financing Conventional
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Bought with Bret Lewis • Bret Lewis, Broker