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1036 Dawson Ave, Long Beach, CA 90804
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1036 Dawson Ave Long Beach, CA 90804

$3,795,000
  • 20 Beds
  • 14 Baths
  • 10,556 Sq.Ft.
For Sale
$3,795,000 Get Pre-Qualified
Map preview of 1036 Dawson Ave, Long Beach, CA 90804

Property Overview: 1036 Dawson Ave Long Beach, CA has 20 bedrooms, 14 bathrooms, 10,556 living square feet and 13,009 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present 1036-1040 Dawson Ave, Long Beach. Consisting of two side-by-side 7 unit buildings on separate parcels (14 units in total), the property boasts a desirable unit mix of (6) 2-bed/1-bath units and (8) 1-bed/1- bath units on a 13,009 sq ft lot. There are a total of (8) 1-car garages with tandem parking, along with a laundry room at each building and a new 100 gallon water heater. The garages are separately leased to provide additional income, and there is over 20% in upside rent potential. Located less than a mile from vintage shopping and trendy dining options on Retro Row, this is an excellent value-add investment opportunity offering growth, stability, and a hedge against inflation.

Listed by Larson Harley | BRE #02045736 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 5 minutes ago | Last updated: September 3rd, 2024 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft
13,009
HOA Dues
$0/mo
Year built
1960
Garage
8 Car
Property Type:
Mixed Use
Status
Active
MLS#
SB24126848
City
Long Beach
County
Los Angeles
Time on Site
87 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 2
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $11,095
  • Total Rent: $11,095
  • Pro Forma/Market Rent: $13,800
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $12,585
  • Total Rent: $12,585
  • Pro Forma/Market Rent: $15,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.81%
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $289,920
  • Net Operating Income: $180,213
  • Gross Operating Income: $281,222
  • Vacancy Allowance: $8,698
Annual Expense Breakdown
  • Total Operating Expense: $101,010
  • Gas/Fuel: $900
  • New Taxes: $52,469
  • Trash: $0
  • Insurance: $7,917
  • Maintenance: $8,849
  • Professional Management: $11,249
  • Water/Sewer: $17,100

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Property Details for 1036 Dawson Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 16
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 7262006020
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: East of Cherry Ave and E 10th Street intersection
Neighborhood Information
  • Community Features: Golf, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1036 Dawson Ave

Last sold on March 23rd, 2000

  • June, 2024

  • Jun 20, 2024

    Date

    Active

    CRMLS: SB24126848

    $3,995,000

    Price

  • August, 2021

  • Aug 20, 2021

    Date

    Canceled

    CRMLS: PW21032949

    $3,850,000

    Price

  • Feb 17, 2021

    Date

    Active

    CRMLS: PW21032949

    $3,850,000

    Price

  • Listing provided courtesy of CRMLS

    1036-40 Dawson Avenue is a 14-unit apartment building in highly desirable Eastside Long Beach. The property features a desirable mix of one and two bedroom units and ample parking with eight garages and eight tandem spaces. The asset is separately metered for gas and electric. Immediate rental upside is available by bringing Section 8 tenants up to the maximum allowable rents as determined by the Long Beach Housing Department. There is approximately ± 20% rental upside potential and the ability to achieve extra upside by renting out the remaining garage/ spaces for additional income. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents.

  • March, 2000

  • Mar 23, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 1997

  • Mar 27, 1997

    Date

    Sold (Public Records)

    Public Records

    $42,000

    Price

Show More

Tax History for 1036 Dawson Ave

Assessed Value (2020): $449,703
Year Land Value Improved Value Assessed Value
2020 $161,609 $288,094 $449,703

Home Value Compared to the Market

This property vs the competition

1036 Dawson Ave is listed 383.44% higher than the median list price for the city of Long Beach which has a median list price of $785,000. The median price per/sqft for Long Beach is $648 and this home is listed at $359.51 per/sqft which puts the price per square foot 44.52% lower than the median price per square foot for the city of Long Beach.

About 1036 Dawson Ave

Detailed summary of property

1036 Dawson Ave is a mixed use located in Long Beach, CA 90804 and is currently for sale. This mixed use property offers 20 bedrooms, 14 bathrooms, roughly 10,556 living square feet, and sits on an approximately 13,009 square foot lot. 1036 Dawson Ave was first listed on ArdentRealEstateGroup.com on June 21, 2024. The homeowner is currently asking $3,795,000 and was originally asking $3,995,000. The median priced home in Long Beach is $785,000 with a median price per square foot of $648. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 383.44% higher than the median priced home. Local competing homes currently for sale include 7836 Stewart And Gray Rd, 13811 Cherry and 11506 Obert Ave. While the average home in Long Beach, CA is selling in 61 days, 1036 Dawson Ave has a days on market of 66 days. There are currently 778 homes for sale in the Long Beach real estate market and 418 of them are single family homes while 337 of them are condos and 22 are townhomes. For more information on this home for sale at 1036 Dawson Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1036 Dawson Ave

Public county record property details
Beds
10
Baths
7
Year built
1960
Sq. Ft.
5,278
Lot Size
6,504
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7262-006-020

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$500,000
Median List Price/Sq.Ft.
$622
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
44
Median Sale to List Price %
97.83%
Avg Days on Market
30
Loan Type
Conventional (62.5%), FHA (12.5%), VA (12.5%), Cash (12.5%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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