5 Units in Long Beach

Address: 1126 E Arcadia Ct, Long Beach, CA 90813, USA, Long Beach, California, US

California & West + Apartments

Created date: November 20, 2023

Date last updated: November 20, 2023

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

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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