1017 E Rhea ST, Long Beach, CA 90806 – PW21231654

$795,000

$825,000

3.6%

Est.Price: ?

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Est. payment -/mo

6,015 Sqft Lot

SOLD DATE : 02/25/2022

Key Details

Sold Price $795,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID PW21231654

Sold Date 02/25/22

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1953

Lot Size 6,015 Sqft

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.

Location

State CA

County Los Angeles

Area 9 - Poly High

Zoning LBR1N

Interior

Interior Features Ceiling Fan(s), Unfurnished, All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Tile

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry See Remarks

Exterior

Parking Features Driveway, Garage

Garage Spaces 1.0

Garage Description 1.0

Fence Fair Condition

Pool None

Community Features Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Mixed

Accessibility See Remarks

Total Parking Spaces 1

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Colonial, See Remarks

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 7210020017

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Financing Cash

Special Listing Condition Standard

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Gustavo Arias • First Team Real Estate
Bought with Saleha Hoque • Corcoran Global Living

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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