$1,198,000
6 bed
4 bath
0 Sqft
4,987 Sqft lot
1126 E Arcadia Court, Long Beach, California 90813
- Residential Income Property Type
- 52 Days Time on market
- 1962 Year 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.
Basic Details
Residential Income
Buy
OC24059927
$1,198,000
6
4
0 Sqft
1962
4,987 Sqft
Active
Mixed Use
Condos/Co-ops
Features
: Sidewalks
0
$0
: Public Sewer
Address
CA
Los Angeles
Long Beach
90813
1126 E Arcadia Court
1126
Court
0
W119° 49' 17.9''
N33° 47' 2''
E
Additional Information
52
1
2
0
2,886 Sqft
1
0 Sqft
0 Sqft
0.11 Sqft
4,987 Sqft
1
: 2+ Common Walls
0 Sqft
LBR1N
7268017001
$0
$0
$0
$0
$0
$1,527
0 Sqft
1
0 Sqft
$0
1
26/03/2024 15:21:43
$1,235,000
: Standard
Cash,CashtoNewLoan,1031 Exchange
1126 Arcadia Court
Destrahan
Harry Hurst
Pat Swanson
Pat Swanson
J01796
SSWANPAT
$0
34
1
: Corner Lot
1
1
: Square Feet
yes
1
6
6
1
5
6
101696
US-06037-N-7268017001-R-N
MixedUse
08/04/2024 21:50:34
Arcadia
699 - Not Defined
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