1132 E Arcadia Ct
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1132 E Arcadia Ct
5 Unit Block of Flats £881,212 (£176,242/Unit) 6% Net Initial Yield Long Beach, CA 90813
Investment Highlights
- 5 units currently operating at 6.01% cap rate and 10.76 GRM
- SUBSTANTIAL PARKING - 8 parking spaces
- Unit mix comprised of (2) 2Bed+1Bath and (3) 1Bed+1Bath units; Potential to build ADU in the tuck under parking
- 2Bed+2Bath ADU can be built in the tuck under parking while still maintaining parking spaces on site. ADUs will bring in an extra $30,000 annually wit
Executive Summary
6.01% current in place cap rate and 10.76 GRM with tons
of upside (43% rental upside). Value-Add investors will
want to take note of of the ADU opportunity on this
asset. RARE 8 parking spaces on this overparked asset.
1132 Arcadia is a perfect asset for a new or
experienced investor located at the end of a quiet Culde-
sac near the hottest and fastest growing market in
LA Counties own in Long Beach. Great unit mix
comprised of (2) 2Bed+1Bath and (3) 1Bed+1Bath units,
most of which have been lightly renovated in the past
2 years. There are 8 parking spaces on site, adding
significant value to the property. Each unit is
separately metered for gas and electric.
The subject property is located just outside the $6
Billion of new development flooding into Downtown
Long Beach, including the Long Beach Civic Center,
Aquarium, OceanAire Project, CSULB Downtown Village,
Broadway Block, The Pacific and Queen Mary Island.
of upside (43% rental upside). Value-Add investors will
want to take note of of the ADU opportunity on this
asset. RARE 8 parking spaces on this overparked asset.
1132 Arcadia is a perfect asset for a new or
experienced investor located at the end of a quiet Culde-
sac near the hottest and fastest growing market in
LA Counties own in Long Beach. Great unit mix
comprised of (2) 2Bed+1Bath and (3) 1Bed+1Bath units,
most of which have been lightly renovated in the past
2 years. There are 8 parking spaces on site, adding
significant value to the property. Each unit is
separately metered for gas and electric.
The subject property is located just outside the $6
Billion of new development flooding into Downtown
Long Beach, including the Long Beach Civic Center,
Aquarium, OceanAire Project, CSULB Downtown Village,
Broadway Block, The Pacific and Queen Mary Island.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£81,880
|
£28.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£2,456
|
£0.85
|
| Effective Gross Income |
£79,423
|
£27.52
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£26,507
|
£9.18
|
| Net Operating Income |
£52,917
|
£18.34
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £81,880 |
| Annual Per SF | £28.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £2,456 |
| Annual Per SF | £0.85 |
| Effective Gross Income | |
|---|---|
| Annual | £79,423 |
| Annual Per SF | £27.52 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £26,507 |
| Annual Per SF | £9.18 |
| Net Operating Income | |
|---|---|
| Annual | £52,917 |
| Annual Per SF | £18.34 |
Property Facts
| Price | £881,212 | Property Subtype | Apartment |
| Price Per Unit | £176,242 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 6% | Building Size | 2,886 SF |
| Gross Rent Multiplier | 10.76 | Number of Floors | 2 |
| No. Units | 5 | Year Built | 1962 |
| Property Type | Residential |
| Price | £881,212 |
| Price Per Unit | £176,242 |
| Sale Type | Investment |
| Net Initial Yield | 6% |
| Gross Rent Multiplier | 10.76 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 2,886 SF |
| Number of Floors | 2 |
| Year Built | 1962 |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
1 of 1
Walk Score ®
Walker's Paradise (92)
zoning
| Zoning Code | LBR1N |
| LBR1N |
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1132 E Arcadia Ct
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