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Listed by Marvin Malone • Amberwood Real Estate, Inc.
$1,780,000
Est. payment /mo
6,500 Sqft Lot
Pending
522 E Rhea ST Long Beach, CA 90806
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPW24016535
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
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