$1,125,000
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1132 Arcadia Court Long Beach, CA 90813
Apartment
Residence
Beds
Baths
2,886
Sq. Ft.
0.11
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
SB24178774
Property Type
Apartment
Status
Year Built
1962
Square Feet
2,886
sq. ft
Lot Size
0.11
Sewer
Public Sewer
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Source: Walk Score®
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