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1126 E Arcadia Court, Long Beach, CA 90813
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1126 E Arcadia Court Long Beach, CA 90813

$1,198,000
  • 7 Beds
  • 5 Baths
  • 2,886 Sq.Ft.
For Sale
$1,198,000 Get Pre-Qualified
Map preview of 1126 E Arcadia Court, Long Beach, CA 90813

Property Overview: 1126 E Arcadia Court Long Beach, CA has 7 bedrooms, 5 bathrooms, 2,886 living square feet and 4,987 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Pat Swanson | BRE #01382974 | Pat Swanson
Last checked: 10 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 36
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Home details

Lot Sq. Ft
4,987
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
OC24059927
City
Long Beach
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,664
  • Total Rent: $1,664
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,847
  • Total Rent: $1,847
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $104,532
  • Net Operating Income: $75,415
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $26,281
  • Electric: $1,527
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $3,175
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 1126 E Arcadia Court

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 7268017001
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 1126 Arcadia Court
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1126 E Arcadia Court

Last sold for $260,000 on October 11th, 2002

  • March, 2024

  • Mar 26, 2024

    Date

    Active

    CRMLS: OC24059927

    $1,245,000

    Price

  • December, 2023

  • Dec 11, 2023

    Date

    Canceled

    CRMLS: OC23214329

    $1,325,000

    Price

  • Nov 20, 2023

    Date

    Active

    CRMLS: OC23214329

    $1,325,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • October, 2002

  • Oct 11, 2002

    Date

    Sold (Public Records)

    Public Records

    $260,000

    Price

Show More

Tax History for 1126 E Arcadia Court

Assessed Value (2020): $344,304
Year Land Value Improved Value Assessed Value
2020 $119,180 $225,124 $344,304

Home Value Compared to the Market

This property vs the competition

1126 E Arcadia Court is listed 49.77% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $415.11 per/sqft which puts the price per square foot 34.83% lower than the median price per square foot for the city of Long Beach.

About 1126 E Arcadia Court

Detailed summary of property

1126 E Arcadia Court is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 7 bedrooms, 5 bathrooms, roughly 2,886 living square feet, and sits on an approximately 4,987 square foot lot. 1126 E Arcadia Court was first listed on ArdentRealEstateGroup.com on April 8, 2024. The homeowner is currently asking $1,198,000 and was originally asking $1,245,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 49.77% higher than the median priced home. Local competing homes currently for sale include 16291 Countess Dr #310, 9504 Telegraph Rd and 9318 S Western Ave. While the average home in Long Beach, CA is selling in 54 days, 1126 E Arcadia Court has a days on market of 36 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 1126 E Arcadia Court Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1126 E Arcadia Court

Public county record property details
Beds
7
Baths
5
Year built
1962
Sq. Ft.
2,886
Lot Size
5,000
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7268-017-001

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
28
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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