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 Site28 Days
- MLS StatusActive
- MLS ID NumberSB24178774
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.1145 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 1132 E Arcadia Court Long Beach, CA 90813
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General Features
- Terms CashConventionalExchange
Exterior Features
- Pool N/K