1126 East Arcadia Court

Long Beach, CA 90813

$1,235,000
Price
6
Beds
5
Baths
2,886 Sq. Ft.
$428 / Sq. Ft.
2,886
Sq. Ft.
$428
per Sq. Ft.

Description

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....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.
  1. Listed by Pat Swanson • DRE #01382974 • Brokerage DRE #01382974 • Pat Swanson • 213-864-2862

Property Details for 1126 East Arcadia Court

Parking Spaces Total
0
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2886
Assessor Parcel Number
7268-017-001
Property Attached YN
true

Location

Listing Courtesy of Pat Swanson, Pat Swanson, DRE #01382974
Add your commute
LISTING UPDATED: 04/16/2024 03:45 AM

Property Details for 1126 East Arcadia Court

StatusActive
MLS #OC24059927
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1962
Lot Size0.11 AC / 4,987 SF
CountyLos Angeles County

Location

Listing Courtesy of Pat Swanson, Pat Swanson, DRE #01382974
Add your commute

Building Information for 1126 East Arcadia Court

Stories2Residences-Year Built1962Building Size-Lot Size0.11 AC / 4,987 SF

Payment Calculator

$7,194 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,740

Property Taxes

$454

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1126 East Arcadia Court

Income / Expense / Tax Details
Income Details
  • Gross Income: $104,532
  • Gross Scheduled Income: $101,396
  • Net Operating Income: $74,955
Expense Details
  • Operating Expense: $26,741
  • Fuel Expense: $0
  • Electric Expense: $1,527
  • Insurance Expense: $3,175
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $26,866
Tax / Assessment Info
  • Tax Tract Number: 4212
  • Tax Census Tract: 5752.01
  • Tax Lot: 6
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Back
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,664
  • Unit Type Total Rent: $1,664
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,847
  • Unit Type Total Rent: $1,847
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1126 East Arcadia Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1126 East Arcadia Court

Taxable ValueLand$125,278Additions$236,645Total$361,923
Tax Record2023$5,447 ($454 / month)
Home Facts
Total Finished SqFt2,886 SqFtAbove Grade Finished SqFt2,886 SqFtLot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLBR1NCountyLOS ANGELESAPN7268-017-001

Schools near 1126 East Arcadia Court

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Whittier Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1126 East Arcadia Court is a mixed use property for sale in Long Beach, CA 90813. This property was listed for sale on March 26, 2024 by Pat Swanson, it's currently listed at $1,235,000. It has been on the market for a total of 33 days and was last sold on October 11, 2002. This listing's school district is Long Beach Unified School District. Nearby schools include Whittier Elementary School, Franklin Classical Middle School and Polytechnic High School. 1126 East Arcadia Court is a 6-bed, 5-bath, 2,886 sqft mixed use property built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pat Swanson, Pat Swanson, DRE #01382974

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.