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
Sold for $1,775,000 on 05/12/25
Listing Provided by:
Marvin Malone DRE #01202247 562-377-2370,
Amberwood Real Estate, Inc.
$1,775,000
522 E Rhea St, Long Beach, CA 90806
--beds
--baths
4,212sqft
Quadruplex
Built in 1923
-- sqft lot
$1,740,800 Zestimate®
$421/sqft
$3,311 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 14, 2025 at 11:45am
Listing Provided by:
Marvin Malone DRE #01202247 562-377-2370,
Amberwood Real Estate, Inc.
Bought with:
Alphonso Roberson, DRE #02122187
Circa Properties, Inc.
Source: CRMLS,MLS#: PW24016535
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Free-Standing Range, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Portable Dishwasher, Refrigerator, Dryer, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stacked
Features
- Ceiling Fan(s), Granite Counters, Recessed Lighting
- Flooring: Laminate, Tile
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,212
- Total interior livable area: 4,212 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Concrete, Gated, On Site
- Uncovered spaces: 8
Accessibility
- Accessibility features: Parking, Accessible Doors
Features
- Levels: Two
- Stories: 2
- Entry location: Steps
- Pool features: None
- Spa features: None
- Fencing: Security,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 6,500 sqft
- Features: 2-5 Units/Acre, Near Public Transit
Details
- Parcel number: 7209004011
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco, Copper Plumbing
- Roof: Composition
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Electric: 220 Volts in Laundry
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s), Security Lights
Community
- Community features: Curbs, Street Lights, Sidewalks
Location
- Region: Long Beach
- Subdivision: Poly High (Ph)
HOA & financial
Other financial information
- Total actual rent: 12475
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,740,800