522 E Rhea Street

Long Beach, CA 90806

  • 15 Bed(s)
  • 7 Bath(s)
  • 4,212 Sqft
  • 6500
    Sqft(Lot)
$1,749,900

Description

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

  • Property Type

    Residential Income

  • Subdivision

    Fallbrook

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    45838808

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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: 1,749,900
    • 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: 102
    • 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
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BuyOwner last updated this listing 01/18/2025 @ 08:06

  • MLS: PW24016535
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 15 bedrooms which is for sale, it has 4,212 sqft, 6,500 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90806, this Los Angeles County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.