10 months on rocket

522 E Rhea St E, Long Beach, CA, 90806

$1,725,900

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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522 E Rhea St E, Long Beach$1,725,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAssigned, Concrete, Gated, On Site
Year Built1923
HeatingWall Furnace
CoolingNone
FireplaceNone
ViewNone
MLS #PW24016535
Lot Size0.15 Acres
StatusActive

About 522 E Rhea St E

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 $140,100 per Year!!! With a Current Cap Rate at 6.7, 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!!

Property Details

Property Features

Property Information:

  • Year Built: 1923
  • Stories: 2

Listing Office:

  • Office Name: Amberwood Real Estate, Inc.
  • Office Phone: (562) 377-2370
  • Listing Agent: Marvin Malone

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Portable Dishwasher, Refrigerator, Dryer, Washer
  • Flooring Type: Laminate, Tile
  • Interior: Ceiling Fan(s), Granite Counters, Recessed Lighting
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Assigned, Concrete, Gated, On Site

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: N/PACIFIC COAST HWY W/ATLANTIC AVE

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,725,900
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

522 E Rhea St E vs Long Beach

326 DAYS ON ROCKET

+291 Days

$1,725,900

+$900.7K More

KEY TAKEAWAY

This property is $900.7K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24016535

Listing Office:

  • Office Name: Amberwood Real Estate, Inc.
  • Office Phone: (562) 377-2370
  • Listing Agent: Marvin Malone

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 7:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$8,681

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,241

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1053268
4
/10

  • Smith Elementary School

  • 565 E Hill St

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-1053269
6
/10

  • Roosevelt Elementary School

  • 1574 Linden Ave

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-1053270
8
/10

  • Alvarado Elementary School

  • 1400 E 20th St

  • 0.71 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,759. Typical income of Long Beach, CA residents is less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90806›522 E Rhea St E

This home is located at 522 E Rhea St E in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. This home, which was built in 1923, sits on a 0.15 acre lot. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $1,725,900.

In November 2024 more than 66 listings in Long Beach, CA were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 64 were sold below. The number of listings in Long Beach, CA decreased by 10.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 35 days, the median list price was $825,128.

From Rocket Homes Real Estate and based on county public records data.

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