1126 E Arcadia CT Long Beach, CA 90813
Sale
$1,235,000
5 Units
6 Beds
4 Baths
2,886 Area(sq.ft.)
4,987 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 1 | 1 | No | $ 1,600 | $ 3,200 | $ 3,500 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,664 | $ 1,664 | $ 1,750 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,000 | $ 2,000 | $ 2,200 |
| Unit 4 | 1 | 2 | 1 | No | $ 1,847 | $ 1,847 | $ 2,200 |
| 4 | 5 | 7 | 5 | $ 8,711 | $ 11,911 | $ 13,150 |
| MLS #: | OC24059927MR |
| Days On Market: | 23 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 428 |
| Price per unit: | $ 247,000 |
| Year Built: | 1962 |
Property Details
Cash Flow! This Five (5) Unit Complex is priced at an Actual 6.01% 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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 26,866 |
| Net Operating Income: | $ 74,955 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR1N |
| Land Lease Type: | Fee |
Interior
| Laundry: | None |
Exterior
| Pool: | No |
Detailed Map
Schools
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Income
