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1132 E Arcadia Court

Long Beach, CA 90813

– beds
– baths
– sqft
4,987 sqft lot
1962 build
– on site

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.

Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556

Last checked: Checking… • Last updated Oct 23, 2024 •

MLS# SB24178774 —

The Building

Year Built:

1962
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

2886.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

5
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Entry Location:

1
Laundry:

Inside
Laundry:

1

Location

Directions:

Off of Anaheim and Alamitos
Latitude:

33.78387700
Longitude:

-118.17837400

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

0-1 Unit/Acre
Lot Size Area:

4987.0000
Lot Size Acres:

0.1145
Lot Size SqFt:

4987.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

1234
Tax Lot:

1234

The Listing

Special Listing Conditions:

Standard
Showings Begin:

2024-09-03

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Urban
Pool:

None
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/23/24 Oct 23, 2024	Price Changed	CRMLS_CA	$1,125,000	-2.2%
9/3/24 Sep 3, 2024	Listed / Active	CRMLS_CA	$1,150,000

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This multifamily located in Central Long Beach, Long Beach, CA 90813 is currently for sale for $1,125,000. 1132 E Arcadia Court is a – square foot multifamily with – beds and – baths that has been on Estately for 62 days. 1132 E Arcadia Court is in the Central Long Beach neighborhood of Long Beach and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Franklin Classical Middle School, Whittier Elementary School, and Polytechnic High School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 21:19 on Nov 04.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.