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1017 E Rhea Street

Long Beach, CA 90806
  • $825,000
  • STATUS: Active Under Contract
  • ON SITE: 88 Days
  • MLS #: PW21231654
Under Contract
UPDATED: 49 min ago
$825,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Gustavo Arias of First Team Real Estate (562-270-0688)


Description

Back on the Market. Buyer did not perform. This triplex consists of a front house with 3 bedrooms, 2 bathrooms, a detached 2-car garage, and a separate building with two one bed, one bath units in the back. Two-car garage could be a possible ADU (buyer to do their own due diligence on the possibility of ADU). The front house bathrooms and kitchen were recently upgraded. Each unit enjoys a private yard and their own private access. The kitchen of 1021 was also upgraded about 2 years ago. The roof was redone in 2011 with 30 year shingles. All tenants are long term, are current on rent, and have never missed rent or paid late. A long driveway provides additional parking for several cars. Close to schools including LBCC, restaurants, transportation, and major employers. Great opportunity for an investor to add to their portfolio with a solid investment, or for a buyer that would like to live in one unit and use the rental income to help with the mortgage.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T16:26:09.093. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/122582165
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1017 E Rhea Street Long Beach, CA 90806

  • Price: $825,000
  • Status: Active Under Contract
  • On Site: 88 Days
  • Updated: 49 min ago
  • MLS #: PW21231654
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1953
Built
Neighborhood:
Poly High (Ph)
County:
Los Angeles
Area:
9 - Poly High
Property Description
Back on the Market. Buyer did not perform. This triplex consists of a front house with 3 bedrooms, 2 bathrooms, a detached 2-car garage, and a separate building with two one bed, one bath units in the back. Two-car garage could be a possible ADU (buyer to do their own due diligence on the possibility of ADU). The front house bathrooms and kitchen were recently upgraded. Each unit enjoys a private yard and their own private access. The kitchen of 1021 was also upgraded about 2 years ago. The roof was redone in 2011 with 30 year shingles. All tenants are long term, are current on rent, and have never missed rent or paid late. A long driveway provides additional parking for several cars. Close to schools including LBCC, restaurants, transportation, and major employers. Great opportunity for an investor to add to their portfolio with a solid investment, or for a buyer that would like to live in one unit and use the rental income to help with the mortgage.
Exterior Features

Architectural Style ColonialOther Construction Materials Stucco Fencing Fair Condition Foundation Details Brick/Mortar Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Parking Features DrivewayGarage Parking Total 1 Pool Features None Pool Private YN No Property Attached YN Yes Roof Mixed Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features See Remarks Appliances Gas Range Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)UnfurnishedAll Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.08 Common Interest None Community Features Suburban Contingency 1031 Exchange Disclosures City Inspection Required Exclusions Tenants Personal items Garage YN Yes Gross Income 43500 Gross Scheduled Income 43500 Inclusions Stoves Insurance Expense 1100 Land Lease YN No Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 2000 Net Operating Income 33680 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 9820 Possession Close Of Escrow Property Condition Repairs Cosmetic Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3625 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1176 Water Source Public Zoning Lbr1n



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T16:26:09.093. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Gustavo Arias of First Team Real Estate (562-270-0688)