Four-Unit Residential Income
For Sale
$1,199,000
1015 Dawson Ave, Long Beach, CA 90804
Two front 1-bedroom units with bonus rooms and two rear 3-bedroom units over four oversized garages on one lot.
Property Size3,744 SF
Days on Market105
Property Features for 1015 Dawson Ave
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Building Size
3,744 SF
Year Built
1920
Units
4
Listing Agency:
Coldwell Banker Coastal Alliance
Listed By:
Luen Song · License #01733206
(562) 494-4600
Source:
Elliman
Added: Jul 8
Changed: Oct 12
Last Checked: Oct 19 at 8:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Coastal Alliance
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential income property is arranged as two buildings on one lot. The front building includes two 1-bedroom, 1-bathroom units, and each unit features a spacious bonus room. The rear building provides two 3-bedroom, 2-bathroom units positioned above four oversized garages, creating a distinct, separated layout between the front and rear dwellings.
The property is located at 1015 Dawson Avenue in Long Beach, CA 90804 and is offered for sale on an as-is basis.
The configuration offers a straightforward mix of unit layouts across the front and rear buildings, with the garage structure supporting the two larger rear residences.
The property is located at 1015 Dawson Avenue in Long Beach, CA 90804 and is offered for sale on an as-is basis.
The configuration offers a straightforward mix of unit layouts across the front and rear buildings, with the garage structure supporting the two larger rear residences.
Key Highlights
- Four‑unit property on one lot: two front 1‑bedroom, 1‑bath units and two rear 3‑bedroom, 2‑bath units
- Front building includes two 1BD/1BA units, each with a spacious bonus room
- Rear building features two large 3BD/2BA units positioned above four oversized garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,498
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,960
$1.6M
Cap Rate 7%
$1,149,971
$1.1M
Cap Rate 9%
$894,422
$894.4K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$121.3K $32.40/SF
− Vacancy
−$6.3K −$1.68/SF
EGI
$115.0K $30.72/SF
− OpEx
−$34.5K −$9.21/SF
NOI
$80.5K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,960
Cap Rate 7%
$1,149,971
Cap Rate 9%
$894,422
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,498 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$1.02M
$895.0K – $1.19M
NOI $71,598 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,317 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,981
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two front 1-bedroom units with bonus rooms and two rear 3-bedroom units over four oversized garages on one lot.
Where is this quadplex located?
The property is located at 1015 Dawson Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Four‑unit property on one lot: two front 1‑bedroom, 1‑bath units and two rear 3‑bedroom, 2‑bath units; Front building includes two 1BD/1BA units, each with a spacious bonus room; Rear building features two large 3BD/2BA units positioned above four oversized garages
