About 1132 E Arcadia Ct
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.
Features of 1132 E Arcadia Ct
| MLS® # | SB24178774MR |
|---|---|
| Price | $1,150,000 |
| Bedrooms | 9 |
| Bathrooms | 7.00 |
| Square Footage | 2,886 |
| Acres | 0.11 |
| Year Built | 1962 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 1132 E Arcadia Ct |
|---|---|
| Area | Wrigley |
| City | LONG BEACH |
| County | Los Angeles |
| State | CA |
| Zip Code | 90813 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | September 3rd, 2024 |
|---|---|
| Days on Market | 39 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Cameron Samimi (02035763) |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |