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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.
Property Type(s):
Residential Income
| Last Updated | 11/20/2024 | Year Built | 1962 |
|---|---|---|---|
| Community | Wrigley Area | County | Los Angeles |
Additional Details
| AREA | Wrigley Area |
|---|---|
| LOT | 4987 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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