522 E E Rhea Street
Long Beach, CA, 90806
$1,725,900
Beds
0 Baths
SqFt
0.15 Acres
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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 $147,300 per Year!!! With a Current Cap Rate at 6.6, 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

Property Details

Price:
$1,725,900
MLS #:
PW24016535
Status:
Active
Baths:
0
Address:
522 E E Rhea Street
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Poly High PH
Neighborhood:
9polyhigh
City:
Long Beach
Listed Date:
Jan 29, 2024
State:
CA
ZIP:
90806
Lot Size:
6,500 sqft / 0.15 acres (approx)
Year Built:
1923
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Schools

Interior

Accessibility Features
Doors – Swing In, Parking
Appliances
Dishwasher, Free- Standing Range, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave, Portable Dishwasher, Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Laminate, Tile
Heating
Wall Furnace
Interior Features
Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Recessed Lighting
Window Features
Double Pane Windows

Exterior

Community Features
Curbs, Sidewalks, Street Lights
Electric
220 Volts in Laundry
Fencing
Security, Wrought Iron
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre, Near Public Transit
Parking Features
Assigned, Concrete, Gated, On Site
Parking Spots
8.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Tenant Pays
Cable T V, Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Map

Community

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broker reciprocity Courtesy of Amberwood Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
Rover IDX
522 E E Rhea Street
Long Beach, CA