$1,198,000 - 1126 Arcadia Court, Long Beach
- 6Beds
- 4Baths
- 0SQ. Feet
- 0.11Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:OC24059927
- Price:$1,198,000
- Bedrooms:6
- Bathrooms:4.00
- Acres:0.11
- Year Built:1962
- Type:Residential Income
- Sub-Type:Mixed Use
- Status:Active
- Listing Agent:Pat Swanson
- Listing Office:Pat Swanson
Community Information
- Address:1126 Arcadia Court
- Area:699 - Not Defined
- City:Long Beach
- County:Los Angeles
- Zip Code:90813
Amenities
- Pool:None
Interior
- # of Stories:2
Exterior
- Lot Description:Corner Lot
Additional Information
- Date Listed:March 26th, 2024
- Days on Market:36
- Zoning:LBR1N
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Back to ResultsN/a
- City:
- Long Beach
- Price Range:
- $1,100,000 - $1,100,000
- Current Listings:
- 1
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Unknown
- City:
- Long Beach
- Price Range:
- $989,900 - $989,900
- Current Listings:
- 1
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
- City:
- Long Beach
- Price Range:
- $725,000 - $4,500,000
- Current Listings:
- 36
- HOA Dues:
- $0
- Average Price per Square Foot:
- $488
Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 8:55pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.