5 Units in Long Beach
Property Description
Situated just 1.4 miles from the beach, this five-unit property at 1126 S Arcadia offers a promising opportunity for seasoned investors or first-time buyers. Comprising (3) 1 Bed / 1 Bath and (2) 2 Bed / 2 Bath units, its proximity to the beach and downtown is a major selling point for potential tenants. With a mix of gated carport and open parking, 60% of the units recently renovated, and no rent control beyond (AB 1482), this investment assures a solid return without restrictive rent regulations. Don't miss out on this potential
Key Property Information
| Listing Status: | Available |
|---|---|
| Multifamily type: | Apartments |
| Price: | $1,325,000 |
| No. of Units: | 5 |
| Cap Rate: | 5.75% |
| GRM /GIM: | 12.60 |
| Year Built: | 1962 |
| Year Renovated: | -2 |
| Building Size: | 2,886 Sq ft |
| Lot Size: | 5,000.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 7268-017-001 |
| Opportunity Zone: | No |
| Price per unit: | $265,000 |
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