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522 E Rhea Street E

Long Beach, CA 90806
  • $1,899,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: PW24016535
$1,899,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Marvin Malone of Amberwood Real Estate, Inc. (562-799-2388)


Description

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!!! 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 for Gas & Electricity and Currently the Building is Currently 100% Occupied Tenants. Also, This Property Offers Great Gated Parking for Tenants, with 8 Inside Parking Spaces. This Property Wont Last!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T00:29:37.863. 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 deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147096869
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522 E Rhea Street E Long Beach, CA 90806

  • Price: $1,899,000
  • Status: Active
  • On Site: 32 Days
  • ID#: PW24016535
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1923
Built
Neighborhood:
Poly High (Ph)
County:
Los Angeles
Area:
9 - Poly High
Property Description
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!!! 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 for Gas & Electricity and Currently the Building is Currently 100% Occupied Tenants. Also, This Property Offers Great Gated Parking for Tenants, with 8 Inside Parking Spaces. This Property Wont Last!!
Exterior Features

Construction Materials StuccoCopper Plumbing Entry Level 2 Entry Location Steps Fencing SecurityWrought Iron Lot Features 2-5 Units/AcreNear Public Transit Number Of Separate Electric Meters 4 Open Parking Spaces 8 Parking Features AssignedConcreteGatedOn Site Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features ParkingAccessible Doors Appliances DishwasherFree-Standing RangeGas CooktopDisposalGas OvenGas Water HeaterMicrowavePortable DishwasherRefrigeratorDryerWasher Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)Granite CountersRecessed Lighting Window Features Double Pane Windows

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsStreet LightsSidewalks Contingency NONE Electric 220 Volts in Laundry Garage YN No Gross Income 0 Gross Scheduled Income 140100 Insurance Expense 2400 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer HookupInsideStacked Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms ConventionalFHA Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 0 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s)Security Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 11675 Trash Expense 100 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 278 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T00:29:37.863. 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 deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Marvin Malone of Amberwood Real Estate, Inc. (562-799-2388)