Active
522 E Rhea Street E
Long Beach CA, 90806
$1,749,900
$415.46 per sqft
Active
4,212 sqft
Multi-family
Built in 1923
Listed by Marvin Malone with Amberwood Real Estate, Inc. 562-377-2370
Back on The Market!!THIS 4-UNIT PROPERTY IS A RARE FIND FOR INVESTORS Looking for Great Income, with a Current Gross Schedule Income of $149,300 per Year!!! With a Current Cap Rate at 6.75, Also, The Entire Building was Totally Remodeled Down to the Studs in 2019.The Property Currently has a Newer Roof, Newer Copper Plumbing Throughout, Newer Windows, Newer Interior & Exterior Paint, Newer Laminated Wood and Tile Flooring throughout, Recess Lighting Throughout, Remodeled Kitchens with Newer Wood Cabinets, Granite Countertops, Newer Refrigerators, Stoves, Microwaves, Washers & Dryers, That's Included with the Purchase!! This 4-Unit Building Offers (THREE) 4/Bedrooms 2/Bathrooms & (ONE) 3/Bedrooms with 1/Bathroom. Each Unit is Individually Metered with Gas & Electricity and Currently the Building is 100% Tenant Occupied. This Property Offers Great Gated Parking for Tenants, with (8) Inside Parking Spaces. This Property Wont Last!!6
PW24016535
MLSⓇ ID
January 30, 2024
Listed
January 14, 2025
Updated
Map
522 E Rhea Street E
Long Beach CA, 90806
Interior Features
Total Stories
2
Interior Features
Ceiling Fan(s), Granite Counters, Recessed Lighting
Appliances
Dishwasher, Free-Standing Range, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Portable Dishwasher, Refrigerator, Dryer, Washer
Laundry Description
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stacked
Floor Description
Laminate, Tile
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
2-5 Units/Acre, Near Public Transit
Roof
Composition
Sewer
Public Sewer
Other Property Details
Area Name
9 - Poly High
Days on Market
331
Garage
No
Parking
Assigned, Concrete, Gated, On Site
Parking Total
8
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
|---|---|---|
12/28/2024 | Price change | $1,749,900 1% |
12/19/2024 | Price change | $1,725,900 -2% |
12/6/2024 | Price change | $1,749,900 -3% |
Listing Contact: 562-799-2388
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/14/2025. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 1/14/2025 at 2:28 AM UTC