$1,850,000
522 Rhea Street, Long Beach 90806
15
Beds
7
Baths
6,500
Lot Size
4
# Of Units
Listing Agent
Marvin Malone - Amberwood Real Estate, Inc.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!!
Facts & Features
| MLS® # | PW24016535 |
|---|---|
| Price | $1,850,000 |
| Bedrooms | 15 |
| Bathrooms | 7.00 |
| Lot Size | 6,500 |
| Year Built | 1923 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
| # Of Units | 4 |
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 |
| Is Waterfront | No |
| Has Pool | No |
| 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 |
| Has Basement | No |
| Fireplace | No |
| 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 | 89 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Marvin Malone |
|---|---|
| Office | Amberwood Real Estate, Inc. |