1126 Arcadia Court, Long Beach
Long Beach Home For Sale
OWNER HAS MOVED, AND WANTS THIS SOLD! New pricing allows for one of the best CAP Rates on the Market! Current CAP Rate is 6.92% with a 10.48 GRM. Year 1 CAP Rate will be 7.79%, with a Pro-Forma CAP Rate of over 8.36%. Situated just 1.4 miles from the Beach, the building is also close to Downtown, Long Beach Poly and Retro Row. The Unit Mix is comprised of: Two (2) - 2 Bedroom / 1 Bath and Three (3) – 1 Bedroom / 1 Bath Units, with gated carport and open parking. Furthermore, 60% of the units were renovated in the past year with upside still available via Rents, initiating a RUBS program, or the addition of ADU units in the Carport area. Since this building is not subject to any rent control beyond (AB 1482), the investment offers a solid return, with great potential for the future.
Property Details
Additional Information
-
- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90813
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- MLS® #:
- OC24059927
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- Bedrooms:
- 6
-
- Bathrooms:
- 4
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- Lot Size:
- 0.11
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- HOA Dues:
- $
Price Change History for 1126 Arcadia Court, Long Beach, (MLS® #OC24059927)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $1,099,000 | $49,000 (4.27%) | |
| Price Reduced | $1,148,000 | $47,000 (3.93%) | |
| Price Reduced | $1,195,000 | $3,000 (0.25%) | |
| Price Reduced | $1,198,000 | $37,000 (3.00%) | |
| Price Reduced (from $1,245,000) | $1,235,000 | $10,000 (0.80%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 25th, 2024 at 8:15am PDT. 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.