1132 E Arcadia Court, Long Beach, CA 90813
Property
Sold January 2025
Listing Agent: Cameron Samimi (DRE #02035763) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-259-7556 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #SB24178774 · Source: CRMLS
About this property
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.
Listing description from the January 2025 sale, as reported to CRMLS.
Sale history