1132 E Arcadia CT Active

Long Beach,CA 90813

$ 1125000

- Bed

- Bath

2886 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 2,886 sqft

Price per Sqft $389

MLS Listing ID SB24178774

HOA Y/N No

Year Built 1962

Lot Size 4,987 Sqft

Acres 0.1145

Property Description

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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange

Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange

Special Listing Condition Standard

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