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1132 E Arcadia Ct
Long Beach, CA 90813 Downtown Long Beach

$1,125,000 USD

Apartments For Sale  •  2,886 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,886 SF
  • Building Class C
  • Year Built 1962
  • Cap Rate 6.00 %
  • Zoning LBR1N
62 Transit Score
92 Walk Score

Highlights

5 units currently operating at 6.01% cap rate and 10.76 GRM
Unit mix comprised of (2) 2Bed+1Bath and (3) 1Bed+1Bath units; Potential to build ADU in the tuck under parking
SUBSTANTIAL PARKING - 8 parking spaces
2Bed+2Bath ADU can be built in the tuck under parking while still maintaining parking spaces on site. ADUs will bring in an extra $30,000 annually wit

Property Flyers

Financial Summary (Actual)

Net Operating Income: $67,556 USD (2023)
Cap Rate: 6.00 %
Total Expenses: $33,840 USD

Amenities

  • 24 Hour Access
  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 14 min 0.8 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 8 min - 3.5 mi
John Wayne/Orange County 29 min - 20.7 mi
Los Angeles International 31 min - 21.7 mi
Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate
Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate