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$1,125,000

Beds
Unknown
sq ft
Unknown

1132 E Arcadia Ct, Long Beach, CA 90813

1132 E Arcadia Ct

Long Beach, CA 90813

  • 63 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

CRMLS #SB24178774

Price change
$1,125,000
-2.17%
10/18/2024
CRMLS

CRMLS #SB24178774

Listed
$1,150,000
10/17/2024
CRMLS

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: 11/05/2024 at 1:10 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

CRMLS logo

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