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$1,775,000
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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
Full Property Details
Full Property Details for 522 E Rhea St
General
- Sold For: $1,775,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW24016535
- Added to Site: 754 day(s) ago
Interior
- Rooms/Areas: Kitchen, Living Room
- Interior Features: Ceiling Fan(s), Copper Plumbing (Full), Granite Counters, Recessed Lighting
- Fireplace(s): None
- Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave, Portable Dishwasher, Refrigerator
- Flooring: Laminate, Tile
Rooms
Other Rooms
- Laundry: Dryer Included, Gas & Electric Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Assigned, Concrete, Gated, On-Site
- Parking: Assigned, Concrete, Gated, On-Site
Location
- Area: 9 - Poly High
- County: Los Angeles
- Development Name: 9 - Poly High
- Driving Directions: N/PACIFIC COAST HWY W/ATLANTIC AVE
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Roof: Composition
- Windows: Double-Pane Windows
- Entry Location: Steps
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 4,212
- Year Built: 1923
Lot Features
- Property View: None
- Lot Size (Acres): 0.1492
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre, Near Public Transit
Financial Considerations
- Price Per Sq. Ft.: $421.42
- Price Per Unit: 445000
Listed by Amberwood Real Estate, Inc., Marvin Malone
Sold by Circa Properties, Inc., Alphonso Roberson
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Schools
Schools serving 522 E Rhea St
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Burnett Elementary School 565 East Hill Street, Long Beach, CA 90806 | K-5 | 0.4 mi |
Jessie Nelson Academy 1951 Cherry Avenue, Signal Hill, CA 90755 | 6-8 | 1 mi |
Polytechnic High School, Long Beach, CA 1600 Atlantic Ave., Long Beach, CA 90813 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 522 E Rhea St
Date
Details
Price
Change
Source
5/12/2025
Sold
$1,775,000
-0.28%
MLS
3/17/2025
Price Increased
$1,780,000
1.72%
MLS
12/27/2024
Price Increased
$1,749,900
1.39%
MLS
12/18/2024
Price Reduced
$1,725,900
-1.37%
MLS
12/06/2024
Price Reduced
$1,749,900
-2.73%
MLS
3/22/2024
Price Reduced
$1,799,000
-5.27%
MLS
2/13/2024
Price Reduced
$1,899,000
-1.35%
MLS
1/30/2024
Listed
$1,925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
522 E Rhea Street, Long Beach, CA 90806 (MLS# PW24016535) is a Multi-Family property that was sold at $1,775,000 on May 12, 2025. Want to learn more about 522 E Rhea Street? Do you have questions about finding other Multi-Family real estate for sale in Poly High? You can browse all Poly High real estate or contact a Coldwell Banker agent to request more information.

