522 E Rhea ST E Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID PW24016535
Year Built 1923
Lot Size 6,499 Sqft
Property Description
Price Just Reduced!! 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 $147,300 per Year!!! With a Current Cap Rate at 6.6, 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
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate,Tile
Fireplaces Type None
Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside,Stacked
Exterior
Parking Features Assigned,Concrete,Gated,On Site
Fence Security,Wrought Iron
Pool None
Community Features Curbs,Street Lights,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Composition
Building
Lot Description 2-5 Units/Acre,Near Public Transit
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard