$1,775,000
$1,780,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
522 East Rhea East Street Long Beach, CA 90806
4,212 SqFt
Key Details
Sold Price $1,775,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,212 sqft
Price per Sqft $421
Subdivision Poly High
MLS Listing ID PW-24016535
Sold Date 05/12/25
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
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Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944