Back to search
522 E Rhea Street E Long Beach, CA $ 1,850,000
Share Save
$ 1,850,000 Get more info
522 E Rhea Street E
$ 1,850,000
Back to search
Share Save

522 E Rhea Street E

Long Beach, CA, 90806
$ 1,850,000
Bedrooms15 Baths7.0 Sq 4,212

Monthly Estimate*

$ 12,923

Listed by Amberwood Real Estate, Inc.
522 E Rhea Street E, Long Beach, CA 90806 - Image 1
522 E Rhea Street E, Long Beach, CA 90806 - Image 2
522 E Rhea Street E, Long Beach, CA 90806 - Image 3
522 E Rhea Street E, Long Beach, CA 90806 - Image 4

Multi-Family Home for sale in Long Beach, CA

for $1,850,000 with 15 bedrooms and 7 full baths. This 4,212 square foot home was built in 1923 on a lot size of 0.1492.

THIS 4-UNIT PROPERTY IS A RARE FIND FOR INVESTORS Looking for Great Income, with a Current Gross Schedule Income of $140,100 per Year!!! 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!!

See more
Multi-Family Active

Price

$ 1,850,000

Bedrooms

15

Full Bath

7

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.1492

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24016535

Days on Market

105
Features
General
Interior Features CeilingFans GraniteCounters RecessedLighting
Sewer PublicSewer
Heating WallFurnace
Cooling None
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Composition
Appliances Dishwasher FreeStandingRange GasCooktop Disposal GasOven GasWaterHeater Microwave PortableDishwasher Refrigerator Dryer Washer
Garage Spaces 0.0
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors SecurityLights
Construction Materials Stucco CopperPlumbing
Year Built 1923
Electric Item220VoltsinLaundry
Tenant Pays CableTV Electricity Gas
View None
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 140100.0
Community Features Curbs StreetLights Sidewalks
Accessibility Parking AccessibleDoors
County Los Angeles
Net Operating Income 118939.0
Operating Expense 21161.0
Insurance Expense 2400.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency NONE
Subdivision Name Poly High (PH)
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions N/PACIFIC COAST HWY W/ATLANTIC AVE
City Long Beach
Entry Location Steps
View Y/N N
Senior Community Y/N N
Open Parking Spaces 8.0
Total Units 4
MLS Area 9 - Poly High
Lot Size Square Feet 6500.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name Rhea
Listing Terms Cash Conventional FHA OwnerMayCarry
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 100.0
Water Sewer Expense 278.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 95
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 8
Total Actual Rent 11675.0
Property Sub Type Additional Quadruplex
Cap Rate 6.4
See more
Interior
Flooring Laminate Tile
Fireplace Features None
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup Inside Stacked
Entry Level 2
Electric On Property Y/N N
See more
Exterior
Fencing Security WroughtIron
Parking Features Assigned Concrete Gated OnSite
Lot Features Item25UnitsAcre NearPublicTransit
Water Source Public
Total Parking 8.0
Lot Size Area 6500.0
Number of Buildings 2
Spa N
Building Area Total 4212.0
Lot Size Acres 0.1492
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 522
See more
* Excluded Features
List By
Amberwood Real Estate, Inc.

Broker

(562) 377-2370

Phone

Affordability Calculator

$12,923
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,923
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/29/2024$1,850,000 -2.58% Price Down
2/14/2024$1,899,000 -1.35% Price Down
1/31/2024$1,925,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

522 E Rhea Street E, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,850,000 with 4,212 sqft and a lot size of 0.1492. 522 E Rhea Street E has 15 bedrooms, 7.0 baths, and was built in 1923. The property's zip code is 90806 which is in Long Beach, CA

Get more info