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522 E Rhea Street E

Long Beach, CA 90806

– beds
– baths
– sqft
6,500 sqft lot
1923 build
– on site

Price Just Reduced!!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 $140,100 per Year!!! With a Current Cap Rate at 6.7, 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!!

Listed By CRMLS_CA / Marvin Malone / Amberwood Real Estate, Inc. / 562-377-2370

Last checked: Checking… • Last updated Dec 19, 2024 •

MLS# PW24016535 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

4212.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

2
Roof:

Composition
Stories Total:

2
Entry Level:

2
Accessibility Features:

Doors - Swing In, Parking
Common Walls:

1 Common Wall
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Features:

Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Recessed Lighting
Levels:

Two
Entry Location:

Steps
Window Features:

Double Pane Windows
Flooring:

Laminate, Tile
Room Type:

Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Dryer Included, Gas & Electric Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
Laundry:

1

Location

Directions:

N/PACIFIC COAST HWY W/ATLANTIC AVE
Latitude:

33.79232100
Longitude:

-118.18651800

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Lot Features:

2-5 Units/Acre, Near Public Transit
Lot Size Area:

6500.0000
Lot Size Acres:

0.1492
Lot Size SqFt:

6500.00
Lot Size Source:

Assessor
View:

None
Fencing:

Security, Wrought Iron
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

2
Tax Lot:

8

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7209004011

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

220 Volts in Laundry
Water Source:

Public

Appliances

Appliances:

Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave, Portable Dishwasher, Refrigerator
Included:

Yes

The Community

Subdivision:

Poly High (PH)
Subdivision:

Poly High (PH)
Features:

Curbs, Sidewalks, Street Lights
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Assigned, Concrete, Gated, On Site
Parking Spaces:

8.00
Uncovered Spaces:

8.00

Extra Units

Number With Disposal:

4
Number With Dishwasher:

4
Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price
4/19/23 Apr 19, 2023	Sold	CRMLS_CA
11/4/21 Nov 4, 2021	Sold	CRMLS_CA
11/16/18 Nov 16, 2018		CRMLS_CA	$650,000

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This multifamily located in Sunrise, Long Beach, CA 90806 is currently for sale for $1,725,900. 522 E Rhea Street E is a – square foot multifamily with – beds and – baths that has been on Estately for 327 days. 522 E Rhea Street E is in the Sunrise neighborhood of Long Beach and has a WalkScore® of 85, making it very walkable. This multifamily is in the attendance area of Smith Elementary School, Jessie Nelson Academy, and Polytechnic High School.

Listing Courtesy of: CRMLS_CA and Amberwood Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 07:05 on Dec 22.

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.