522 E Rhea ST E, Long Beach, CA 90806 – PW24016535

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$1,725,900

Est. payment - /mo

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6,499 Sqft Lot

Price Dropped by $24K

522 E Rhea ST E Long Beach, CA 90806

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Liz Morehouse

lizmorehouseproperties@gmail.com +1(760) 936-1572

UPDATED:

12/19/2024 12:26 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID PW24016535

HOA Y/N No

Year Built 1923

Lot Size 6,499 Sqft

Property Description

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!!

Location

State CA

County Los Angeles

Area 9 - Poly High

Interior

Interior Features Ceiling Fan(s), Granite Counters, Recessed Lighting

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Free-Standing Range, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Portable Dishwasher, Refrigerator, Dryer, Washer

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stacked

Exterior

Parking Features Assigned, Concrete, Gated, On Site

Fence Security, Wrought Iron

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Accessibility Parking, Accessible Doors

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre, Near Public Transit

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7209004011

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Listed by Marvin Malone • Amberwood Real Estate, Inc. • 562-377-2370

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Liz Morehouse

Agent | License ID: 02125172

+1(760) 936-1572

522 E Rhea ST E Long Beach, CA 90806

Liz Morehouse

Key Details

Location

Interior

Exterior

Building

Others

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522 E Rhea ST E