Seller's Agent in 2025
Marvin Malone
Amberwood Real Estate, Inc.
(562) 377-2370
1 in this area
10 Total Sales
522 E Rhea St Long Beach, CA 90806
Sunrise Neighborhood
15
Beds
7
Baths
4,212
Sq Ft
6,500
Sq Ft Lot
Highlights
- Gated Parking
- Property is near public transit
- Double Pane Windows
- Long Beach Polytechnic High School Rated A
- Granite Countertops
- Living Room
About This Home
As of May 2025Back 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
Last Agent to Sell the Property
Amberwood Real Estate, Inc. Brokerage Phone: 562-377-2370 License #01202247 Listed on: 01/30/2024
Last Buyer's Agent
Alphonso Roberson
Circa Properties, Inc. License #02122187
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,500 Sq Ft Lot
- 1 Common Wall
- Security Fence
- Wrought Iron Fence
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Entry on the 2nd floor
- Composition Roof
- Copper Plumbing
- Stucco
Interior Spaces
- 4,212 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Living Room
Kitchen
- Gas Oven
- Gas Cooktop
- Free-Standing Range
- Microwave
- Portable Dishwasher
- Granite Countertops
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 15 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
- 220 Volts In Laundry
Home Security
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Gated Parking
- Paved Parking
- Assigned Parking
Accessible Home Design
- Doors swing in
- Accessible Parking
Utilities
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 8
- Tax Tract Number 2
- Assessor Parcel Number 7209004011
Community Details
Overview
- 2 Buildings
- 4 Units
- Poly High Subdivision
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,300
- Maintenance Expense $3,000
- Trash Expense $1,200
- Water Sewer Expense $3,336
- New Taxes Expense $20,000
- Operating Expense $31,086
- Gross Income $147,300
- Net Operating Income $118,214
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2024
Closed on
Mar 25, 2025
Sold by
Rca Investment Llc
Bought by
Robinson Michael and Robinson Nicole
Seller's Agent
Marvin Malone
Amberwood Real Estate, Inc.
Buyer's Agent
Alphonso Roberson
Circa Properties, Inc.
List Price
$1,799,000
Sold Price
$1,775,000
Premium/Discount to List
-$24,000
-1.33%
Views
132
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
-$265,856
Avg. Annual Appreciation
-22.71%
Original Mortgage
$1,757,250
Outstanding Balance
$1,747,864
Interest Rate
6.65%
Mortgage Type
VA
Estimated Equity
-$238,720
Purchase Details
Closed on
Feb 17, 2023
Sold by
Rajan Annie and Rajan R
Bought by
Rca Investment Llc
Purchase Details
Listed on
Jul 23, 2018
Closed on
Oct 15, 2018
Sold by
James Victor and Driskel Pamela
Bought by
Rajan Annie and Chacko Rajan
Seller's Agent
Marvin Malone
Amberwood Real Estate, Inc.
Buyer's Agent
Ralph Lopez
REDI
List Price
$650,000
Sold Price
$650,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.56%
Purchase Details
Closed on
Dec 4, 2006
Sold by
James Victor
Bought by
James Victor and Driskel Pamela
Purchase Details
Closed on
Aug 30, 2006
Sold by
Driskel Pamela
Bought by
James Victor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
6.36%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 3, 2006
Sold by
Beltran Frank
Bought by
James Victor
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
6.36%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 13, 2005
Sold by
Antoni Richard M and Antoni Carol A
Bought by
Beltran Frank
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,750
Interest Rate
6.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 25, 2004
Sold by
Appraisal Technology Investment
Bought by
Antoni Richard M and Antoni Carol A
Purchase Details
Closed on
Jul 22, 2004
Sold by
Hsis Schools Inc
Bought by
Appraisal Technology Investment
Purchase Details
Closed on
Aug 13, 2002
Sold by
Barak Igaal and Barak Hilda Jimenez
Bought by
Hsis Schools Inc
Purchase Details
Closed on
Jun 4, 2002
Sold by
Hsis Schools Inc
Bought by
Barak Igaal and Barak Hilda Jimenez
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,464
Interest Rate
7.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 6, 2000
Sold by
Hud
Bought by
Hsis Schools Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,912
Interest Rate
8.18%
Mortgage Type
FHA
Purchase Details
Closed on
May 8, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud
Purchase Details
Closed on
Mar 5, 1997
Sold by
Martinez Juan Antonio
Bought by
Avila Angel and Avila Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,796
Interest Rate
7.63%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 3, 1997
Sold by
Lembeck John M
Bought by
Martinez Juan Antonio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,796
Interest Rate
7.63%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 5, 1995
Sold by
Aston A M and Aston Nancy B
Bought by
Lembeck John M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,775,000 | Wfg Title Company | |
| Gift Deed | -- | -- | |
| Grant Deed | $610,000 | Property Id Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Financial Title Co Gardena | |
| Grant Deed | $890,000 | Financial Title Co Gardena | |
| Grant Deed | $850,000 | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Corporate Deed | -- | United Title Company | |
| Grant Deed | $185,000 | American Title Co | |
| Corporate Deed | -- | Benefit Land Title Ins Co | |
| Trustee Deed | $268,473 | Benefit Land Title Ins Co | |
| Grant Deed | $265,000 | Fidelity National Title | |
| Grant Deed | $147,000 | Fidelity National Title Co | |
| Individual Deed | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,757,250 | VA | |
| Previous Owner | $178,000 | Commercial | |
| Previous Owner | $712,000 | Commercial | |
| Previous Owner | $529,750 | Commercial | |
| Previous Owner | $307,464 | Commercial | |
| Previous Owner | $253,912 | FHA | |
| Previous Owner | $249,796 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/12/2025 05/12/25 | Sold | $1,775,000 | -0.3% | $421 / Sq Ft | |
| 03/17/2025 03/17/25 | Pending | -- | -- | -- | |
| 03/17/2025 03/17/25 | Price Changed | $1,780,000 | +1.7% | $423 / Sq Ft | |
| 12/27/2024 12/27/24 | Price Changed | $1,749,900 | +1.4% | $415 / Sq Ft | |
| 12/18/2024 12/18/24 | Price Changed | $1,725,900 | -1.4% | $410 / Sq Ft | |
| 12/06/2024 12/06/24 | Price Changed | $1,749,900 | -2.7% | $415 / Sq Ft | |
| 10/22/2024 10/22/24 | For Sale | $1,799,000 | +1.4% | $427 / Sq Ft | |
| 10/04/2024 10/04/24 | Off Market | $1,775,000 | -- | -- | |
| 06/21/2024 06/21/24 | Price Changed | $1,799,000 | -2.8% | $427 / Sq Ft | |
| 03/28/2024 03/28/24 | Price Changed | $1,850,000 | -2.6% | $439 / Sq Ft | |
| 02/13/2024 02/13/24 | Price Changed | $1,899,000 | -1.4% | $451 / Sq Ft | |
| 01/30/2024 01/30/24 | For Sale | $1,925,000 | 0.0% | $457 / Sq Ft | |
| 04/19/2023 04/19/23 | Rented | $3,100 | 0.0% | -- | |
| 02/20/2023 02/20/23 | For Rent | $3,100 | +40.9% | -- | |
| 11/04/2021 11/04/21 | Rented | $2,200 | 0.0% | -- | |
| 10/22/2021 10/22/21 | Price Changed | $2,200 | -24.1% | $2 / Sq Ft | |
| 08/29/2021 08/29/21 | For Rent | $2,900 | 0.0% | -- | |
| 11/16/2018 11/16/18 | Sold | $650,000 | 0.0% | $154 / Sq Ft | View Prior Sale |
| 07/25/2018 07/25/18 | For Sale | $650,000 | 0.0% | $154 / Sq Ft | |
| 07/24/2018 07/24/18 | Pending | -- | -- | -- | |
| 07/23/2018 07/23/18 | Off Market | $650,000 | -- | -- | |
| 07/23/2018 07/23/18 | For Sale | $650,000 | -- | $154 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 | $18,901 | $680,462 | $446,205 | $234,257 |
| 2024 | $18,901 | $1,444,320 | $823,140 | $621,180 |
| 2023 | $9,105 | $654,040 | $428,879 | $225,161 |
| 2022 | $8,566 | $641,217 | $420,470 | $220,747 |
| 2021 | $8,375 | $628,645 | $412,226 | $216,419 |
| 2019 | $8,256 | $610,420 | $400,000 | $210,420 |
| 2018 | $13,388 | $1,048,384 | $529,869 | $518,515 |
| 2016 | $12,306 | $1,007,273 | $509,295 | $497,978 |
| 2015 | $11,813 | $992,143 | $501,645 | $490,498 |
| 2014 | $11,737 | $972,709 | $491,819 | $480,890 |
Source: Public Records
Agents Affiliated with this Home
-
Marvin Malone
-
A
Buyer's Agent in 2025
Alphonso Roberson
Circa Properties, Inc.
-
Ralph Lopez
R
Seller's Agent in 2023
Ralph Lopez
REDI
(562) 882-4878
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24016535
APN: 7209-004-011
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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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