1126 E Arcadia Court Long Beach, CA ^$ 1,198,000

1126 E Arcadia Court

^$ 1,198,000

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1126 E Arcadia Court

Long Beach, CA, 90813

^$ 1,198,000

Bedrooms7 Baths4.0 Sq 2,886

Monthly Estimate*

^$ 8,368

Listed by Pat Swanson

1126 E Arcadia Court, Long Beach, CA 90813 - Image 1

1126 E Arcadia Court, Long Beach, CA 90813 - Image 2

1126 E Arcadia Court, Long Beach, CA 90813 - Image 3

1126 E Arcadia Court, Long Beach, CA 90813 - Image 4

1126 E Arcadia Court, Long Beach, CA 90813 - Image 5

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1126 E Arcadia Court, Long Beach, CA 90813 - Image 7

1126 E Arcadia Court, Long Beach, CA 90813 - Image 8

1126 E Arcadia Court, Long Beach, CA 90813 - Image 9

1126 E Arcadia Court, Long Beach, CA 90813 - Image 10

1126 E Arcadia Court, Long Beach, CA 90813 - Image 11

Multi-Family Home for sale in Long Beach, CA

for $1,198,000 with 7 bedrooms and 4 full baths. This 2,886 square foot home was built in 1962 on a lot size of 0.1145.

Cash Flow! This Five (5) Unit Complex is priced at an Actual 6.30% CAP Rate! 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.

Multi-Family Active

Price

^$ 1,198,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1145

Year Built

1962

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

OC24059927

Days on Market

Features

General

Sewer PublicSewer

Zoning LBR1N

Garage Spaces 0.0

Pool Features None

Year Built 1962

Property SubType MixedUse

Gross Income 101696.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 75415.0

Operating Expense 26281.0

Insurance Expense 3175.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 1126 Arcadia Court

City Long Beach

Entry Location Back

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area 699 - Not Defined

Lot Size Square Feet 4987.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Arcadia

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1527.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 34

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 6

Property Sub Type Additional MixedUse

Exterior

Lot Features CornerLot

Water Source Public

Total Parking 0.0

Lot Size Area 4987.0

Number of Buildings 1

Spa N

Building Area Total 2886.0

Lot Size Acres 0.1145

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Court

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1126

* Excluded Features

List By

Pat Swanson

Broker

(949) 724-5564

Phone

Affordability Calculator

$8,368

Per Month

Monthly Principal & Interest: $8,368
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 75%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/29/2024	$1,198,000	-3.00%	Price Down
4/16/2024	$1,235,000	-0.80%	Price Down
3/26/2024	$1,245,000		Listed Price

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1126 E Arcadia Court, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,198,000 with 2,886 sqft and a lot size of 0.1145. 1126 E Arcadia Court has 7 bedrooms, 4.0 baths, and was built in 1962. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. 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.

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1126 E Arcadia Court

Multi-Family Home for sale in Long Beach, CA

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