522 E RHEA E STREET, LONG BEACH CA 90806

  • 4,212 sq.ft.
  • 6,500 sq.ft. lot
offered at $1,780,000
MLS#:PW24016535
Status: Pending // Property Type:
Project/Tract: Poly High (PH) // County: Los Angeles // Year Built: 1923

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

Listing Courtesy of Marvin Malone, Amberwood Real Estate, Inc.

Interior Features

Interior Features: Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Recessed Lighting // Heating: Wall Furnace

Exterior Features

Exterior Features: Curbs, Sidewalks, Street Lights // Roof: Composition
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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