522 East Rhea East Street Pending Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,212 sqft
Price per Sqft $422
Subdivision Poly High
MLS Listing ID PW-24016535
Year Built 1923
Lot Size 6,500 Sqft
Property Sub-Type Quadruplex
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
Interior
Interior Features Copper Plumbing Full,Ceiling Fan(s),Granite Counters,Recessed Lighting
Heating Wall Furnace
Cooling None
Flooring Laminate,Tile
Fireplaces Type None
Laundry Dryer Included,Gas & Electric Dryer Hookup,Inside,Stackable,Washer Hookup,Washer Included
Exterior
Parking Features On Site,Assigned,Concrete
Pool None
Community Features Curbs,Sidewalks,Street Lights
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
View Y/N No
View None
Building
Lot Description Near Public Transit,2-5 Units/Acre
Sewer Public Sewer