1126 E Arcadia Court Long Beach, CA 90813
Cash Flow! This Five (5) Unit Complex is priced at an Actual 6.30% CAP Rate! Situated just 1.4 miles from the Beach, the building is also close to Downtown, Long Beach Poly and Retro Row. The Unit Mix is comprised of: Two (2) - 2 Bedroom / 1 Bath and Three (3) – 1 Bedroom / 1 Bath Units, with gated carport and open parking. Furthermore, 60% of the units were renovated in the past year with upside still available via Rents, initiating a RUBS program, or the addition of ADU units in the Carport area. Since this building is not subject to any rent control beyond (AB 1482), the investment offers a solid return, with great potential for the future.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site52 Days
- MLS StatusActive
- MLS ID NumberOC24059927
- Home Size Source N/A
- Year Built1962
- Lot Size0.1145 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.1145
- Water Public
- Garage Spaces 0
- Zoning LBR1N
- Listing Conditions Standard
Interior Features
- Laundry Features None
Exterior Features
- Pool Features None
- Lot Corner Lot
Community Features
- Community Features Sidewalks
- Senior Community No
- MLS Area 699 - Not Defined