1132 E Arcadia Court, Long Beach, CA 90813

  • $1,150,000
  • $398
1132 E Arcadia Court, Long Beach, CA 90813
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1962
  • Year Built
For Sale
1132 E Arcadia Court, Long Beach, CA 90813
  • $1,150,000
  • $398

Overview

Property ID: SGR-33841603
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1962
  • Year Built

Description

5.81% current in place cap rate and 11 GRM with tons of
upside (43% rental upside). Value-Add investors will
want to take note of of the ADU opportunity on this
asset. RARE 8 parking spaces on this overparked asset.
1132 Arcadia is a perfect asset for a new or
experienced investor located at the end of a quiet Culde-
sac near the hottest and fastest growing market in
LA Counties own in Long Beach. Great unit mix
comprised of (2) 2Bed+1Bath and (3) 1Bed+1Bath units,
most of which have been lightly renovated in the past
2 years. There are 8 parking spaces on site, adding
significant value to the property. Each unit is
separately metered for gas and electric.
The subject property is located just outside the $6
Billion of new development flooding into Downtown
Long Beach, including the Long Beach Civic Center,
Aquarium, OceanAire Project, CSULB Downtown Village,
Broadway Block, The Pacific and Queen Mary Island.

  • Address 1132 E Arcadia Court
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90813
  • Area 5 - Wrigley Area
  • Country United States

Details

Updated on September 12, 2024 at 11:30 am
  • Property ID: SGR-33841603
  • Price: $1,150,000
  • Land Area: 4987.00 m²
  • Garage: 0.00
  • Year Built: 1962
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 2886.00
  • MLS#: SB24178774
  • Office Name: LYON STAHL INVESTMENT REAL ESTATE, INC.
  • Agent Name: Cameron Samimi
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Co-Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Co-Agent Name: Michael Padilla
  • Agent State License: 02035763
  • Co-Agent State License: 01993341
  • IDX Contact Info: 310-259-7556

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 0.00
  • Water Source: Public

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