1126 Arcadia Court

Long Beach, CA 90813

$1,198,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $415 / sqft

1962

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1126 Arcadia Court
City Long Beach
State CA
Zip 90813
County Los Angeles
Listing Agent Pat Swanson DRE#01382974
Courtesy Of Pat Swanson
MLS OC24059927
List Price $1,198,000
Status Active
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 4,987
Year Built 1962
DOM 35

Exterior Information

Maps

Listing information courtesy of: Pat Swanson, Pat Swanson . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 29th, 2024 at 9:57 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.