522 E Rhea Street, Long Beach, CA 90806
-
Listed Price :
$1,725,900
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1923
Property Description
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 6.5, 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!!
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stacked |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Laminate, Tile |
| Interior Information |
| Features |
Ceiling Fan(s), Granite Counters, Recessed Lighting |
| Cooling Type |
None |
Listing Information
| Address |
522 E Rhea Street |
| City |
Long Beach |
| State |
CA |
| Zip |
90806 |
| County |
Los Angeles |
| Listing Agent |
Marvin Malone DRE #01202247 |
| Courtesy Of |
Amberwood Real Estate, Inc. |
| List Price |
$1,725,900 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
6,500 |
| Year Built |
1923 |
Listing information courtesy of: Marvin Malone, Amberwood Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 24th, 2024 at 6:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
