$1,125,000
- Beds
- Unknown
- sq ft
- Unknown
1132 E Arcadia Ct, Long Beach, CA 90813
1132 E Arcadia Ct
Long Beach, CA 90813
- 80 days on market
- Price drop $25,000↓
6.01% current in place cap rate and 10.76 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.
Details
Property type
Apartment
Lot size
4,987 sq ft
Price per sq ft
Unknown
Year built
1962
Price History
10/23/2024
CRMLS #SB24178774
Price change
$1,125,000
-2.17%
10/18/2024
CRMLS #SB24178774
Listed
$1,150,000
10/17/2024
CRMLS #SB24178774
Removed
$1,150,000
Schools & Community
Neighborhood:
Poly High District
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 11/21/2024 at 7:15 PM
Listing updated: 11/05/2024 at 10:04 AM
Listed by: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CRMLS #SB24178774
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