$1,850,000 - 522 Rhea Street, Long Beach
- 15Beds
- 7Baths
- 0SQ. Feet
- 0.15Acres
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!!
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:PW24016535
- Price:$1,850,000
- Bedrooms:15
- Bathrooms:7.00
- Acres:0.15
- Year Built:1923
- Type:Residential Income
- Sub-Type:Quadruplex
- Status:Active
- Listing Agent:Marvin Malone
- Listing Office:Amberwood Real Estate, Inc.
Community Information
- Address:522 Rhea Street
- Area:9 - Poly High
- Subdivision:Poly High (PH)
- City:Long Beach
- County:Los Angeles
- Zip Code:90806
Amenities
- Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Parking Spaces:8
- Parking:Assigned, Concrete, Gated, On Site
- Garages:Assigned, Concrete, Gated, On Site
- View:None
- Pool:None
Interior
- Interior:Laminate, Tile
- Interior Features:Ceiling Fan(s), Granite Counters, Recessed Lighting
- Appliances:Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Dryer, Washer, Free-Standing Range, Portable Dishwasher
- Heating:Wall Furnace
- Cooling:None
- Fireplaces:None
- # of Stories:2
- Stories:Two
Exterior
- Exterior:Stucco, Copper Plumbing
- Lot Description:2-5 Units/Acre, Near Public Transit
- Windows:Double Pane Windows
- Roof:Composition
- Construction:Stucco, Copper Plumbing
Additional Information
- Date Listed:January 29th, 2024
- Days on Market:88
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Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 6:55pm CDT. 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.