522 E Rhea ST Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Sold Price $1,775,0000.3%
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW24016535
Sold Date
Originating Board California Regional MLS
Year Built 1923
Lot Size 6,500 Sqft
Property Sub-Type Fourplex
Property 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
Location
State CA
County Los Angeles
Area 9 - Poly High
Rooms
Kitchen Dishwasher,Garbage Disposal,Microwave,Other,Dishwasher - Portable,Oven Range,Refrigerator,Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry 30,Other,38,Washer,Stacked Only,Dryer
Exterior
Parking Features Assigned Spaces,Common Parking Area,Gate / Door Opener,Other
Garage Spaces 8.0
Pool 31,None
View None
Roof Type Composition
Building
Water District - Public
Others
Tax ID 7209004011
Special Listing Condition Not Applicable