• 522 E Rhea Street E Long Beach, CA 90806

  • $1,850,000
  • 15
    Bed(s)
  • 7
    Baths
  • 4,212
    Sq Ft
  • 6500
    Sqft
  • Listed By: Marvin Malone, Amberwood Real Estate, Inc., DRE #01202247
  • Source: CRMLS

THIS 4-UNIT PROPERTY IS A RARE FIND FOR INVERSTORS Looking for Great Income, with a Current Gross Schedule Income of $140,100 per Year!!! Also, a Great Opportunity to Transition this Property into a Group Home!!! 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!!

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

Sell a home like this and save $110,501 Find Out How

Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1059561609 1 3 1 0
2 1059561609 2 4 2 0
3 1059561609 2 4 2 0
4 1059561609 2 4 2 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Composition

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

Windows: Double Pane Windows

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

Fireplace: None

Flooring: Laminate,Tile

Cooling Features

None

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1923

Building Area Total: 4,212

Construction: Stucco,Copper Plumbing

Roof: Composition

Security Features

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

Accessibility Features

Parking,Accessible Doors

Pool Features

None

Laundry Features

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

Fencing

Security,Wrought Iron

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1492

Lot Size Source: Assessor

Lot Size Square Feet: 6500

Listing Price Information

Original List Price: 1,850,000

Listing Contract Date: 2024-01-29

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 7209004011

Garage and Parking

Garage Description: Assigned,Concrete,Gated,On Site

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Cable TV,Electricity,Gas

Other Property Info

Source Listing Status: Active

Source Neighborhood: 9 - Poly High

Directions: N/PACIFIC COAST HWY W/ATLANTIC AVE

Source Property Type: Residential Income

Area: 9 - Poly High

Property SubType: Quadruplex

Building and Construction

Property Age: 101

Common Walls: 1 Common Wall

Structure Type: Quadruplex

Year Built Source: Assessor

Entry Level: 2

Entry Location: Steps

Property Attached: Yes

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2236 San Francisco Avenue, Long Beach, CA,90806 $780,000 2 1 1,325 5959 Sqft
2490 Chestnut Avenue, Long Beach, CA,90806 $1,498,000 6 2 3,014 4530 Sqft
2490 Chestnut Avenue, Long Beach, CA,90806 $1,498,000 3 -- 3,014 4530 Sqft
2223 Locust Avenue, Long Beach, CA,90806 $985,000 5 3 3,034 5821 Sqft
1825 Cherry Avenue, Long Beach, CA,90806 $1,550,000 7 -- 3,986 5838 Sqft
2161 Locust Avenue, Long Beach, CA,90806 $1,235,000 -- -- 2,925 6263 Sqft
1883 Pine Avenue, Long Beach, CA,90806 $1,500,000 -- -- 3,582 6768 Sqft
1967 Atlantic Avenue, Long Beach, CA,90806 $1,399,000 3 3 2,176 5588 Sqft
1872 Locust Avenue, Long Beach, CA,90806 $789,888 6 -- 1,816 5182 Sqft
2100 Pine Avenue, Long Beach, CA,90806 $889,000 4 4 2,028 4134 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/02/2024 @ 04:49

MLS: PW24016535
LISTED BY: Marvin Malone, Amberwood Real Estate, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $110,501 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion