$1,050,000
SOLD JAN 15, 2025

1132 E Arcadia Ct Long Beach, CA 90813

Central Neighborhood
9 Beds
7 Baths
2,886 Sq Ft
4,987 Sq Ft Lot

Recently Sold

$364 Per Sq Ft

7% Below List Price

133 Days on Market

About This Home

As of January 2025

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.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 09/03/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Michael Padilla

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #01993341

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 4,987 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 2,886 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1234
  • Tax Tract Number 1234

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $33,840
  • Gross Income $104,532
  • Net Operating Income $67,556

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 6.01
  • Price Per Unit: 225000
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 363.83

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4987.00
  • Lot Size Acres: 0.1145

Multi Family

  • Gross Income: 104532.00
  • Gross Multiplier: 10.76
  • Gross Scheduled Income: 104532.00
  • Lot Size Area: 4987.0000 Square Feet
  • Net Operating Income: 67556.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 33840.00
  • Rent Control: Yes
  • Total Expenses: 33840.00

Tax Info

  • Tax Lot: 1234
  • Tax Tract Number: 1234

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $1,050,000 -6.7% $364 / Sq Ft
11/20/2024 11/20/24 For Sale $1,125,000 +7.1% $390 / Sq Ft
11/18/2024 11/18/24 Off Market $1,050,000 -- --
10/23/2024 10/23/24 Price Changed $1,125,000 -2.2% $390 / Sq Ft
10/18/2024 10/18/24 For Sale $1,150,000 +9.5% $398 / Sq Ft
10/16/2024 10/16/24 Off Market $1,050,000 -- --
09/03/2024 09/03/24 For Sale $1,150,000 -- $398 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2025

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    2 in this area

    180 Total Sales

    Cameron Samimi
    Section Image
  • Michael Padilla

    Seller Co-Listing Agent in 2025

    Michael Padilla

    Lyon Stahl Investment Real Estate, Inc.

    (310) 420-2541

    1 in this area

    18 Total Sales

    Michael Padilla
    Section Image

  • N

    Buyer's Agent in 2025

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,728 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24178774

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90813 Central

1132 E Arcadia Ct, Long Beach, CA

This home is located at 1132 E Arcadia Ct, Long Beach, CA 90813 and is currently priced at $1,050,000, approximately $363 per square foot. This property was built in 1962. 1132 E Arcadia Ct is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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