tomo logo

$1,195,000

Beds
Unknown
sq ft
2,886

1126 E Arcadia Ct, Long Beach, CA 90813

1126 E Arcadia Ct

Long Beach, CA 90813

  • 97 days on market
    • Price drop $3,000↓
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.

Details

Property type

Mixed Use

Est. home value

$769,152

Lot size

4,987 sq ft

Price per sq ft

$415

Year built

1962

Price History

05/31/2024
CRMLS

CRMLS #OC24059927

Price change
$1,195,000
-0.25%
04/29/2024
CRMLS

CRMLS #OC24059927

Price change
$1,198,000
-3%
04/16/2024
CRMLS

CRMLS #OC24059927

Price change
$1,235,000
-0.8%

Schools & Community

Neighborhood: 

Poly High District

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Premier Business Bank

Loan start date

February 2018

Original loan amount

$365,000

Est. remaining balance

Not provided

Interest rate

3.46%

Loan type

Commercial

Seller

Anotherfinemess Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:00 AM

Listing updated: 05/31/2024 at 10:34 AM

Listed by: Pat Swanson, Pat Swanson Phone #: (949) 724-5564

MLS: CRMLS #OC24059927

CRMLS logo

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