6.01% current in place cap rate and 10.76 GRM with tonsof upside (43% rental upside). Value-Add investors willwant to take note of of the ADU opportunity on thisasset. RARE 8 parking spaces on this overparked asset.1132 Arcadia is a perfect asset for a new orexperienced investor located at the end of a quiet Culde-sac near the hottest and fastest growing market inLA Counties own in Long Beach. Great unit mixcomprised of (2) 2Bed+1Bath and (3) 1Bed+1Bath units,most of which have been lightly renovated in the past2 years. There are 8 parking spaces on site, addingsignificant value to the property. Each unit isseparately metered for gas and electric.The subject property is located just outside the $6Billion of new development flooding into DowntownLong Beach, including the Long Beach Civic Center,Aquarium, OceanAire Project, CSULB Downtown Village,Broadway Block, The Pacific and Queen Mary Island.
|
DAYS ON MARKET
|
58
|
LAST UPDATED
|
10/23/2024
|
|
YEAR BUILT
|
1962
|
COMMUNITY
|
Wrigley Area
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Oct 23, '24
|
$1,150,000
|
| Oct 23, '24 - Today |
$1,125,000 |
| AREA |
Wrigley Area |
| LOT |
4987 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/30/24 4:30 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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