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    1017 E Rhea Street

    Long Beach, CA 90806
    • $845,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: PW21170584
    UPDATED: 53 min ago
    $845,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    This triplex consist of front house with attached garage 3 bed 2 bath and, two one bedroom one bath unit is the back. The roof was redone 2011 with 30y years lasting materials. The front house bathrooms had been upgraded. The kitchen of 1021 unit was upgraded about 2 years ago. All units enjoy provate patios and independent access. All tenants are paying rent regularly. A long car path provide additional parking for several cars. The new owner have upside opportunity current CAP rate 3.8% proforma CAP rate 5.6%. Very close to LBUSD schools, restaurants, transportation and major employers. Great opportunity for an investor to increase its portfolio with a solid property and or for a buyer that want to live in one unit rent the other ones to get help with the mortgage payment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T19:33:30.847. 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 Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/120152819
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    1017 E Rhea Street Long Beach, CA 90806

    • Price: $845,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: PW21170584
    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
    This triplex consist of front house with attached garage 3 bed 2 bath and, two one bedroom one bath unit is the back. The roof was redone 2011 with 30y years lasting materials. The front house bathrooms had been upgraded. The kitchen of 1021 unit was upgraded about 2 years ago. All units enjoy provate patios and independent access. All tenants are paying rent regularly. A long car path provide additional parking for several cars. The new owner have upside opportunity current CAP rate 3.8% proforma CAP rate 5.6%. Very close to LBUSD schools, restaurants, transportation and major employers. Great opportunity for an investor to increase its portfolio with a solid property and or for a buyer that want to live in one unit rent the other ones to get help with the mortgage payment.
    Exterior Features

    Architectural Style Other Construction Materials Stucco Foundation Details Combination Lot Features 2-5 Units/AcreRectangular Lot Number Of Separate Electric Meters 3 Parking Features Driveway LevelGarage Parking Total 1 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Other Spa Features None Spa YN No View None View YN No

    Interior Features

    Accessibility Features See Remarks Appliances Gas Range Common Walls 2+ Common Walls Cooling None Cooling YN No Door Features Panel Doors Fireplace Features None Fireplace YN No Flooring See Remarks Heating Wall Furnace Heating YN Yes Interior Features UnfurnishedAll Bedrooms Down

    Property Features

    Association Fee 0 Association YN No Cap Rate 3.8 Common Interest Community Apartment Community Features Suburban Contingency 1031 Exchange Current Financing Conventional Electric Standard Exclusions Tenants Personal Properties Garage YN Yes Gross Income 43500 Gross Scheduled Income 43500 Inclusions Stoves Insurance Expense 825 Land Lease YN No Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanConventional1031 ExchangeFhaSubmit Net Operating Income 33360 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 10140 Possession Close Of Escrow Property Condition Additions/Alterations Property Sub Type Triplex 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 Connected Water Sewer Expense 98 Water Source Public

    Listing provided courtesy of Gustavo Arias of First Team Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T19:33:30.847. 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 Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373