J
Seller's Agent in 2023
Jim Chhun
First American Team Realty Inc
(562) 818-0837
3 in this area
12 Total Sales
565 E Rhea St Unit 2 Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $774,000 - $896,386
5
Beds
3
Baths
1,832
Sq Ft
$459/Sq Ft
Est. Value
Highlights
- Stables
- Contemporary Architecture
- Converted Garage
- Long Beach Polytechnic High School Rated A
- Wood Flooring
- Two Homes on a Lot
About This Home
As of May 2023Two Houses in one Lot. Great investment for investors with good rental income, or best opportunity for homeowner who can live in one house and rent another. This property is located in the Poly High area, consisting of 3 bedroom and 2-bathroom, front house and 2 beds and one-bathroom, back house.
Front house has its own driveway and huge parking space next to the back unit with one car garage. It is convenient location close to market, restaurant, beach and easily accessible to Freeway. Please do not disturb tenants.
Last Agent to Sell the Property
First American Team Realty Inc License #01359353 Listed on: 03/20/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,049
Year Built
- Built in 1919
Lot Details
- 6,470 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Barbed Wire
- Density is up to 1 Unit/Acre
Parking
- 6 Open Parking Spaces
- 1 Car Garage
- Converted Garage
- Parking Available
- Single Garage Door
Home Design
- Duplex
- Contemporary Architecture
- Fixer Upper
- Composition Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 1,832 Sq Ft Home
- Wood Frame Window
- Window Screens
- Panel Doors
- Family Room
- Wood Flooring
- Gas Range
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Natural Gas Connected
- Sewer Assessments
Additional Features
- Two Homes on a Lot
- Stables
Listing and Financial Details
- Legal Lot and Block 17 / 4
- Tax Tract Number 2
- Assessor Parcel Number 7209003019
- $538 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
- Poly High Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,326
- Trash Expense $1,250
- Water Sewer Expense $1,020
- Operating Expense $3,596
- Net Operating Income $48,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2023
Closed on
May 2, 2023
Sold by
Rick S Lang Living Trust
Bought by
Etsegenet Tefera Ayele And Mengistu Yemane-Be
Seller's Agent
Jim Chhun
First American Team Realty Inc
Buyer's Agent
Steve Vong
First American Team Realty Inc
List Price
$750,000
Sold Price
$750,000
Views
118
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
$90,347
Avg. Annual Appreciation
4.16%
Purchase Details
Closed on
Dec 10, 2021
Sold by
Leng Rick S
Bought by
Rick S Leng Living Trust
Purchase Details
Closed on
Mar 10, 2007
Sold by
Leng Rick S
Bought by
Leng Rick S and Rick S Leng 2007 Living Trust
Purchase Details
Closed on
Jan 8, 2007
Sold by
Leng Rick S and Leng Lisa S
Bought by
Leng Rick S
Purchase Details
Closed on
Mar 14, 2003
Sold by
Lyde Mary L
Bought by
Leng Rick S and Leng Lisa S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Etsegenet Tefera Ayele And Mengistu Yemane-Be | $750,000 | Lawyers Title Company | |
| Rick S Leng Living Trust | -- | Paul Horn Law Group Pc | |
| Leng Rick S | -- | Paul Home Law Group Pc | |
| Leng Rick S | -- | None Available | |
| Leng Rick S | -- | None Available | |
| Leng Rick S | $330,000 | First American Title Co | |
| Leng Rick S | $330,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Leng Rick S | $297,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2023 05/08/23 | Sold | $750,000 | 0.0% | $409 / Sq Ft |
| 03/30/2023 03/30/23 | Pending | -- | -- | -- |
| 03/20/2023 03/20/23 | For Sale | $750,000 | -- | $409 / 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 | $10,049 | $780,300 | $624,240 | $156,060 |
| 2024 | $10,049 | $765,000 | $612,000 | $153,000 |
| 2023 | $6,162 | $450,956 | $341,639 | $109,317 |
| 2022 | $5,795 | $442,115 | $334,941 | $107,174 |
| 2021 | $5,676 | $433,447 | $328,374 | $105,073 |
| 2020 | $5,661 | $429,003 | $325,007 | $103,996 |
| 2019 | $5,596 | $420,592 | $318,635 | $101,957 |
| 2018 | $5,336 | $412,346 | $312,388 | $99,958 |
| 2016 | $4,906 | $396,336 | $300,258 | $96,078 |
| 2015 | $4,711 | $390,383 | $295,748 | $94,635 |
| 2014 | $4,685 | $382,737 | $289,955 | $92,782 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Chhun
-
Steve Vong
Buyer's Agent in 2023
Steve Vong
First American Team Realty Inc
(562) 209-2927
3 in this area
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23045425
APN: 7209-003-019
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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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