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Listed by Bret Lewis • Bret Lewis, Broker
$1,649,000
Est. payment /mo
3,940 SqFt
Active
1124 Dawson Avenue Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,940 sqft
Price per Sqft $418
MLS Listing ID CRPW25073637
HOA Y/N No
Year Built 1958
Lot Size 6,537 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
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
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Inside
Building
Lot Description Landscape Misc
Water Public
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