Seller's Agent in 2022
Gustavo Arias
First Team Real Estate
(323) 819-0035
2 in this area
27 Total Sales
1017 E Rhea St Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $762,000 - $918,000
5
Beds
4
Baths
1,558
Sq Ft
$553/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Tile Flooring
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 3-minute walk to Martin Luther King Jr Park
About This Home
As of February 2022Back 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.
Last Agent to Sell the Property
First Team Real Estate License #01889399 Listed on: 10/19/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 6,017 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in fair condition
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
- Parking Available
- Driveway
Home Design
- Colonial Architecture
- Property Attached
- Cosmetic Repairs Needed
- Brick Foundation
- Mixed Roof Materials
- Stucco
Interior Spaces
- 1,558 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
- Gas Range
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Location
- Suburban Location
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 15
- Tax Tract Number 3243
- Assessor Parcel Number 7210020017
- $569 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Poly High Subdivision
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $480
- Insurance Expense $1,100
- Maintenance Expense $2,000
- Water Sewer Expense $1,176
- Operating Expense $3,656
- Gross Income $43,500
- Net Operating Income $33,680
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2021
Closed on
Feb 24, 2022
Sold by
Bought by
Seller's Agent
Gustavo Arias
First Team Real Estate
Buyer's Agent
Saleha Hoque
Amberwood Real Estate
List Price
$825,000
Sold Price
$795,000
Premium/Discount to List
-$30,000
-3.64%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,047
Avg. Annual Appreciation
1.92%
Original Mortgage
$636,000
Outstanding Balance
$587,184
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$274,863
Purchase Details
Listed on
Oct 19, 2021
Closed on
Feb 22, 2022
Sold by
Bought by
Seller's Agent
Gustavo Arias
First Team Real Estate
Buyer's Agent
Saleha Hoque
Amberwood Real Estate
List Price
$825,000
Sold Price
$795,000
Premium/Discount to List
-$30,000
-3.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,000
Outstanding Balance
$587,184
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$274,863
Purchase Details
Closed on
Nov 13, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 10, 2017
Sold by
Bought by
Purchase Details
Closed on
May 11, 2016
Sold by
Bought by
Purchase Details
Listed on
Nov 8, 2013
Closed on
Mar 28, 2014
Sold by
Bought by
Seller's Agent
SALVADOR ARMIJO
CARNAVAL REALTY
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$425,000
Sold Price
$416,000
Premium/Discount to List
-$9,000
-2.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Purchase Details
Listed on
Nov 8, 2013
Closed on
Dec 10, 2013
Sold by
Bought by
Seller's Agent
SALVADOR ARMIJO
CARNAVAL REALTY
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$425,000
Sold Price
$416,000
Premium/Discount to List
-$9,000
-2.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 6, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,902
Interest Rate
5.5%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 18, 2011
Sold by
Bought by
Purchase Details
Closed on
May 29, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $795,000 | Lawyers Title | ||
| $795,000 | Lawyers Title | ||
| -- | Lawyers Title | ||
| $226 | Lawyers Title | ||
| -- | Lawyers Title | ||
| $226 | Lawyers Title | ||
| -- | Orange Coast Title Company | ||
| -- | None Available | ||
| -- | Chicago Title Company | ||
| -- | None Available | ||
| $416,000 | Fidelity National Title Co | ||
| $280,000 | Lawyers Title | ||
| -- | Lawyers Title | ||
| -- | Old Republic Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $636,000 | ||
| Closed | $636,000 | ||
| Previous Owner | $345,500 | ||
| Previous Owner | $312,000 | ||
| Previous Owner | $272,902 | ||
| Previous Owner | $200,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/25/2022 02/25/22 | Sold | $795,000 | -3.6% | $510 / Sq Ft | |
| 01/18/2022 01/18/22 | Pending | -- | -- | -- | |
| 10/19/2021 10/19/21 | For Sale | $825,000 | +98.3% | $530 / Sq Ft | |
| 01/28/2014 01/28/14 | Sold | $416,000 | -2.1% | $267 / Sq Ft | View Prior Sale |
| 12/04/2013 12/04/13 | Pending | -- | -- | -- | |
| 11/08/2013 11/08/13 | For Sale | $425,000 | -- | $273 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,402 | $843,659 | $525,297 | $318,362 |
| 2024 | $10,890 | $827,118 | $514,998 | $312,120 |
| 2023 | $11,501 | $810,900 | $504,900 | $306,000 |
| 2022 | $6,312 | $480,537 | $231,027 | $249,510 |
| 2021 | $6,182 | $471,116 | $226,498 | $244,618 |
| 2020 | $6,166 | $466,286 | $224,176 | $242,110 |
| 2019 | $6,094 | $457,144 | $219,781 | $237,363 |
| 2018 | $5,872 | $448,181 | $215,472 | $232,709 |
| 2016 | $5,408 | $430,780 | $207,106 | $223,674 |
| 2015 | $5,195 | $424,311 | $203,996 | $220,315 |
| 2014 | $3,703 | $286,896 | $204,926 | $81,970 |
Source: Public Records
Agents Affiliated with this Home
-
Gustavo Arias
-
Saleha Hoque
S
Buyer's Agent in 2022
Saleha Hoque
Amberwood Real Estate
(562) 381-3872
1 in this area
4 Total Sales
-
SALVADOR ARMIJO
Seller's Agent in 2014
SALVADOR ARMIJO
CARNAVAL REALTY
(626) 290-0373
15 Total Sales
-
G
Buyer's Agent in 2014
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21231654
APN: 7210-020-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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