1126 E Arcadia Court, Long Beach, CA 90813
- $1,325,000
- List Price
- $1,325,000
- Status
- ACTIVE
- MLS#
- OC23214329
- Year Built
- 1962
- Lot Size
- 5,000
- Acres
- 0.11
- Lot Location
- Corner Lot
- Days on Market
- 18
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Situated just 1.4 miles from the beach, this five-unit property at 1126 S Arcadia offers a promising opportunity for seasoned investors or first-time buyers. Comprising (3) 1 Bed / 1 Bath and (2) 2 Bed / 2 Bath units, its proximity to the beach and downtown is a major selling point for potential tenants. With a mix of gated carport and open parking, 60% of the units recently renovated, and no rent control beyond (AB 1482), this investment assures a solid return without restrictive rent regulations. Don't miss out on this potential.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $104,532
- Operating Expense
- 25860
Listing courtesy of Listing Agent: Pat Swanson (pat.swanson@colliers.com) from Listing Office: Pat Swanson.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.