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Sold for $1,775,000
    • Listed by: Amberwood Real Estate, Inc. • Marvin Malone • Contact: 562-377-2370
    Bought with: Circa Properties, Inc.
    $1,775,000

    522 E Rhea St, Long Beach, CA 90806

    15beds
    7baths
    4,212sqft
    Quadruplex
    Built in 1923
    -- sqft lot
    $1,761,000 Zestimate®
    $421/sqft
    $2,213 Estimated rent

    Home value

    $1,761,000

    $1.58M - $1.95M

    $2,213/mo

    Zestimate® history
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    What's special

    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Marvin Malone DRE #01202247 562-377-2370,

    Amberwood Real Estate, Inc.

    Bought with:

    Alphonso Roberson, DRE #02122187

    Circa Properties, Inc.

    Source: CRMLS,MLS#: PW24016535MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 7
    Rooms
    • Room types: Kitchen, Living Room
    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 Square Feet
    • 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 & HOA

    Community
    • Features: Curbs, Street Lights, Sidewalks
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Security Lights
    • Subdivision: Poly High (Ph)
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $421/sqft
    • Tax assessed value: $1,473,625
    • Annual tax amount: $9,715
    • Date on market: 1/30/2024
    • Cumulative days on market: 394 days
    • Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
    • Total actual rent: 12475
    • Tenant pays: Cable TV, Electricity, Gas

    Price history

    DateEventPrice
    7/23/2025Listing removed$3,400$1/sqft
    Source: Zillow Rentals Report a problem
    7/2/2025Listed for rent$3,400+3%$1/sqft
    Source: Zillow Rentals Report a problem
    5/12/2025Sold$1,775,000-0.3%$421/sqft
    Source: CRMLS #PW24016535 Report a problem
    5/10/2025Listing removed$3,300$1/sqft
    Source: CRMLS #PW25019401 Report a problem
    3/17/2025Pending sale$1,780,000+1.7%$423/sqft
    Source: CRMLS #PW24016535 Report a problem
    1/27/2025Listed for rent$3,300+10.2%$1/sqft
    Source: CRMLS #PW25019401 Report a problem
    12/28/2024Price change$1,749,900+1.4%$415/sqft
    Source: CRMLS #PW24016535 Report a problem
    12/19/2024Price change$1,725,900-1.4%$410/sqft
    Source: CRMLS #PW24016535 Report a problem
    12/6/2024Price change$1,749,900-2.7%$415/sqft
    Source: CRMLS #PW24016535 Report a problem
    10/22/2024Listed for sale$1,799,000+194.9%$427/sqft
    Source: CRMLS #PW24016535 Report a problem
    1/12/2021Listing removed--
    Source: CRMLS Report a problem
    10/19/2020Listed for rent$2,995-14.4%$1/sqft
    Source: REDI #PW20220244 Report a problem
    7/2/2020Listing removed$3,500$1/sqft
    Source: REDI #PW19221594 Report a problem
    6/29/2020Price change$3,500+16.9%$1/sqft
    Source: REDI #PW19221594 Report a problem
    9/23/2019Price change$2,995-14.4%$1/sqft
    Source: REDI #PW19221594 Report a problem
    9/17/2019Listed for rent$3,500$1/sqft
    Source: REDI #PW19221594 Report a problem
    10/26/2018Sold$610,000-6.2%$145/sqft
    Source: Public Record Report a problem
    7/25/2018Pending sale$650,000$154/sqft
    Source: RE/MAX College Park Realty #PW18175665 Report a problem
    7/24/2018Listed for sale$650,000-27%$154/sqft
    Source: RE/MAX College Park Realty #PW18175665 Report a problem
    12/1/2006Sold$890,000+4.7%$211/sqft
    Source: Public Record Report a problem
    9/21/2005Sold$850,000+359.5%$202/sqft
    Source: Public Record Report a problem
    6/5/2000Sold$185,000-31.1%$44/sqft
    Source: Public Record Report a problem
    11/24/1998Sold$268,473+1.3%$64/sqft
    Source: Public Record Report a problem
    3/26/1997Sold$265,000$63/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,715 -48.6%$1,473,625 +2%
    2024$18,901 +107.6%$1,444,740 +120.8%
    2023$9,105 +6.3%$654,460 +2%
    2022$8,566 +2.3%$641,637 +2%
    2021$8,375 +0.3%$629,065 +1%
    2020$8,352 $622,620 +2%
    2019$8,352 -37.6%$610,420 -41.8%
    2018$13,388 $1,048,384 +2%
    2017$13,388 +1.1%$1,027,417 +2%
    2016$13,248 +7.7%$1,007,273 +1.5%
    2015$12,306 +4.8%$992,143 +2%
    2014$11,737 $972,709 +4.5%
    2011-- $930,716 +0.5%
    2009-- $925,956 +26.8%
    2005-- $730,320 +272%
    2003-- $196,322 +8.7%
    2000-- $180,540
    Find assessor info on the county website

    Neighborhood: Poly High District

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    Estimated market value
    $1,761,000
    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
    $1,761,000

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