522 E Rhea Street E, Long Beach, CA 90806 - Berkshire Hathaway HomeServices California Properties

522 E Rhea Street E, Long Beach, CA 90806

$1,749,900 Approx. USD 0 beds, 0 baths

Listing Agent


Marvin Malone | marvinmalone@hotmail.com
Lic#: 01202247
Broker: Courtesy of Amberwood Real Estate, Inc.

Agent Remarks

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

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# PW24016535
Price: $1,749,900
Beds: 0
Baths: 0
None fireplaces
Built in 1923
2 stories
0.15 acres
Lot size: 0.1492
Subdivision: Poly High (PH)
County: Los Angeles
Construction: Stucco,Copper Plumbing
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
Parking description: Assigned,Concrete,Gated,On Site
Lot description: TwoToFiveUnitsAcre,Near Public Transit
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 9 - Poly High

Last Updated: 1/14/2025

 Days On Market (DOM): 411

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This listing belongs to the 9 - Poly High MLS area

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Lat/Long: 33.792321, -118.186518.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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