522 E Rhea ST Long Beach, CA 90806
Active
$1,799,000
7%
4 Units
15 Beds
7 Baths
4,212 Area(sq.ft.)
6,500 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 2 | No | $ 3,375 | $ 3,375 | $ 4,000 |
| Unit 2 | 1 | 4 | 2 | No | $ 3,100 | $ 3,100 | $ 4,000 |
| Unit 3 | 1 | 4 | 2 | No | $ 3,000 | $ 3,000 | $ 4,000 |
| Unit 4 | 1 | 3 | 1 | No | $ 2,200 | $ 2,200 | $ 3,500 |
| 4 | 4 | 15 | 7 | $ 11,675 | $ 11,675 | $ 15,500 |
| MLS #: | PW24016535MR |
| Days On Market: | 248 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 427 |
| Price per unit: | $ 449,750 |
| Year Built: | 1923 |
Property Details
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 $140,100 per Year!!! With a Current 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!!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 21,161 |
| Net Operating Income: | $ 118,939 |
| Cap Rate: | 6.6% |
| Actual Gross Rent: | $ 11,675 |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Security Features: | Carbon Monoxide Detector(s), Exterior Security Lights, Smoke Detector |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Gated |
Interior
| Cooking Appliances: | Microwave, Oven-Gas |
| AC/Cooling: | None |
| Equipment: | Dishwasher, Dryer, Dryer Included, Gas Or Electric Dryer Hookup, Inside, Laundry Closet Stacked, Microwave, Portable Dishwasher, Refrigerator, Stackable W/D Hookup, Washer, Washer Hookup, Washer Included |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Dryer, Dryer Included, Gas Or Electric Dryer Hookup, Inside, Laundry Closet Stacked, Stackable W/D Hookup, Washer, Washer Hookup, Washer Included |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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