Seller's Agent in 2025
Marvin Malone
Amberwood Real Estate, Inc.
(562) 377-2370
1 in this area
11 Total Sales
522 E Rhea St Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $1,649,000 - $1,822,000
15
Beds
7
Baths
4,212
Sq Ft
$410/Sq Ft
Est. Value
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 in unit
- 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
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
Jan 30, 2024
Closed on
Mar 25, 2025
Sold by
Bought by
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
-$49,967
Avg. Annual Appreciation
-2.56%
Original Mortgage
$1,757,250
Outstanding Balance
$1,734,855
Interest Rate
6.65%
Mortgage Type
VA
Estimated Equity
-$9,822
Purchase Details
Closed on
Feb 17, 2023
Sold by
Bought by
Purchase Details
Listed on
Jul 23, 2018
Closed on
Oct 15, 2018
Sold by
Bought by
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
13.72%
Purchase Details
Closed on
Dec 4, 2006
Sold by
Bought by
Purchase Details
Closed on
Aug 30, 2006
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
$178,000
Interest Rate
6.36%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 3, 2006
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
$178,000
Interest Rate
6.36%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 13, 2005
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
$529,750
Interest Rate
6.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 25, 2004
Sold by
Bought by
Purchase Details
Closed on
Jul 22, 2004
Sold by
Bought by
Purchase Details
Closed on
Aug 13, 2002
Sold by
Bought by
Purchase Details
Closed on
Jun 4, 2002
Sold by
Bought by
Purchase Details
Closed on
Apr 6, 2000
Sold by
Bought by
Purchase Details
Closed on
May 8, 1998
Sold by
Bought by
Purchase Details
Closed on
Mar 5, 1997
Sold by
Bought by
Purchase Details
Closed on
Feb 3, 1997
Sold by
Bought by
Purchase Details
Closed on
Oct 5, 1995
Sold by
Bought by
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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 |
|---|---|---|---|
| $1,775,000 | Wfg Title Company | ||
| $1,775,000 | Wfg Title Company | ||
| -- | -- | ||
| -- | -- | ||
| $610,000 | Property Id Title Company | ||
| $610,000 | Property Id Title Company | ||
| -- | Accommodation | ||
| -- | Accommodation | ||
| -- | Financial Title Co Gardena | ||
| -- | Financial Title Co Gardena | ||
| $890,000 | Financial Title Co Gardena | ||
| $890,000 | Financial Title Co Gardena | ||
| $850,000 | -- | ||
| $850,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | United Title Company | ||
| -- | United Title Company | ||
| $185,000 | American Title Co | ||
| $185,000 | American Title Co | ||
| -- | Benefit Land Title Ins Co | ||
| $268,473 | Benefit Land Title Ins Co | ||
| -- | Benefit Land Title Ins Co | ||
| $268,473 | Benefit Land Title Ins Co | ||
| $265,000 | Fidelity National Title | ||
| $265,000 | Fidelity National Title | ||
| $147,000 | Fidelity National Title Co | ||
| $147,000 | Fidelity National Title Co | ||
| -- | Chicago Title | ||
| -- | Chicago Title | ||
| -- | Chicago Title | ||
| -- | Chicago Title |
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 | $1,757,250 | ||
| Previous Owner | $178,000 | ||
| Previous Owner | $712,000 | ||
| Previous Owner | $529,750 |
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 |
|---|---|---|---|---|---|
| 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
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 | $9,715 | $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
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24016535
APN: 7209-004-011
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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