1124 Dawson AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25073637
HOA Y/N No
Year Built 1958
Lot Size 6,538 Sqft
Property Sub-Type Quadruplex
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 today's 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 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Fireplace No
Appliance Gas Range,Refrigerator
Laundry Inside
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7260032009
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard