$1,198,000
1126 Arcadia Court, Long Beach 90813
6
Beds
4
Baths
4,987
Lot Size
5
# Of Units
Listing Agent
Pat Swanson - Pat SwansonCash 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.
Facts & Features
| MLS® # | OC24059927 |
|---|---|
| Price | $1,198,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Lot Size | 4,987 |
| Year Built | 1962 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
| # Of Units | 5 |
Community Information
| Address | 1126 Arcadia Court |
|---|---|
| Area | 699 - Not Defined |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Corner Lot |
|---|
Additional Information
| Date Listed | March 26th, 2024 |
|---|---|
| Days on Market | 53 |
| Zoning | LBR1N |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Pat Swanson |
|---|---|
| Office | Pat Swanson |