1132 E Arcadia Court
Long Beach, CA, 90813
$1,125,000
Beds
0 Baths
SqFt
0.11 Acres
Add
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.

Property Details

Price:
$1,125,000
MLS #:
SB24178774
Status:
Active
Baths:
0
Address:
1132 E Arcadia Court
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Aug 28, 2024
State:
CA
ZIP:
90813
Lot Size:
4,987 sqft / 0.11 acres (approx)
Year Built:
1962
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Urban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Spots
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Sewer
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2
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1132 E Arcadia Court
Long Beach, CA