522 East Rhea East Street Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,212 sqft
Price per Sqft $415
Subdivision Poly High
MLS Listing ID PW-24016535
Year Built 1923
Lot Size 6,500 Sqft
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 $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
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