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

$1,850,000 $49,000 Home for sale 15 beds 4,212 sqft

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!!! 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!!
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Property details

4,212 sqft interior area
Property type
Home
Interior area
4,212 sqft
View
None
Land area
6,534 sqft (0.15 acres)
Price per sqft
$439/sqft
Days on Verhouse
104
Address
522 E Rhea St, Long Beach, CA, 90806
City of California
Long Beach
County
Los Angeles
Previous price
$1,899,000
nr.of parking places
8
Year Built
1923
District
Listing

Open Houses

No upcoming open houses

Interior Features

8 parking places, Laminate, Tile floors
Beds
15
Floors
Laminate, Tile
Security
Smoke Detector(s)
Parking
8
Garage & Parking
Assigned, Other
Laundry Features
Dryer, Washer, Other, Inside
Heathing & Cooling
No Air Conditioning, Wall Furnace
Amenities
Other
Appliances
Gas Water Heater

Listed by

Marvin Malone, Amberwood Real Estate, Inc.
Name
Marvin Malone
License number
01202247
Brokerage company
Amberwood Real Estate, Inc.
MLS #
CRPW24016535

Payment calculator

Calculate your monthly payments
Mortgage
$5,680
Taxes
$0
HOA dues
$0
$5,680 per month
Mortgage
$370,000 / 20%
2.28%
30 years
Your amount $5,680 / month

Exterior Features

Stucco construction and more
Utilities
Sewer Connected
Construction
Stucco
Yard
Other

Lot details

TMK #7209004011
Lot Description
Other
Parcel nr.
7209004011

90806 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data

People living in 90806

45%
Families with children
National average: 39%
46%
Non family households
357,368
Population
$84,412
Average Income

Age & gender

Median age 35 years
More info

Commute types

80% commute by car
More info

Education level

20% have not graduated education
More info

Number of employees

2% work in management
More info

Vehicles available

47% have 1 vehicle
More info

Vehicles by gender

47% have 1 vehicle
More info

Housing market insights for

$864.29k
Neighborhood average
sales price*
$672.33k
Neighborhood median
sales price*
573
Number
of sales*

Housing type

32% are small apartments
More info

Rooms

39% of the houses have 4 or 5 rooms
More info

Bedrooms

48% have 2 or 3 bedrooms
More info

Owners vs Renters

70% are renters
More info
15.17 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

Price Decrease Mar 29, 2024
Date Event Price $/sqft Source
Mar 29, 2024 Price Decrease $1,850,000 -2.58% 439.22 MLS #CRPW24016535
Feb 14, 2024 Price Decrease $1,899,000 -1.35% 450.85 MLS #CRPW24016535
Jan 30, 2024 New Listing $1,925,000 457.03 MLS #CRPW24016535

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Frequently Asked Questions about 522 E Rhea St

What is 522 E Rhea St?

522 E Rhea St, Long Beach, CA, 90806 is a single family home located in the city of Long Beach, California with zipcode 90806. This single family home has 15 bedrooms with an interior area of 4,212 sqft.

Which year was this home built?

This home was build in 1923.

What is the full address of this Home?

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

Are grocery stores nearby?

The closest grocery stores are Superior Grocery, 0.87 miles away and Albertsons, 0.98 miles away.

What is the neighborhood like?

The 90806 zip area has a population of 357,368, and 45% of the families have children. The median age is 35.12 years and 80% commute by car. The most popular housing type is "small apartment" and 70% is renter.

Based on information from the bridgeMLS as of 05-12-2024. 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. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: May 04, 2024
Verhouse Last checked 1 minute ago

522 E Rhea St, Long Beach, CA, 90806 is a single family home located in the city of Long Beach, California with zipcode 90806. This single family home has 15 bedrooms with an interior area of 4,212 sqft on a 6,500 sqft sqft lot. This house was build in 1923.
The closest grocery stores are Superior Grocery, 0.87 miles away and Albertsons, 0.98 miles away.
The 90806 zip area has a population of 357,368, and 45% of the families have children. The median age is 35.12 years and 80% commute by car. The most popular housing type is "small apartment" and 70% is renter.

*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.

Home For sale $1.85m  $49,000 522 E Rhea St, Long Beach, CA, 90806 15 beds / 4,212 sqft Save House Remove from Saved