1132 E Arcadia Court Long Beach, CA 90813
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site31 Days
- MLS StatusActive
- MLS ID NumberSB24178774
- Home Size Source N/A
- Year Built1962
- Lot Size0.1145 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 1132 E Arcadia Court Long Beach, CA 90813
| a month ago | |
| a month ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.1145
- Water Public
- Property Sub Type Apartment
- Garage Spaces 0
- Listing Conditions Standard
Interior Features
- Laundry Features Inside
Exterior Features
- Pool Features None
- Lot 0-1 Unit/ Acre
Community Features
- Community Features Urban
- Senior Community No
- MLS Area 5 - Wrigley Area