Sold
Last Sold Price
5 beds3 baths1,832 sqft
565 E Rhea St, Unit 2, Long Beach, CA 90806
Multi FamilyProperty Type
0.15 acresLot Size
1919Year Built
$409/sq ftPrice per sq ft
7 carsParking Spaces

Description

Two 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...Two 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.
  • Listed by: Jim Chhun DRE #01359353 Brokerage DRE #01273285 • First American Team Realty Inc jimchhun@hotmail.com
Listing closed: 05/08/2023 12:00 AM • Source: CRMLS, MLS#: PW23045425

Recent comparable sales

Median sold price

$860,000

Avg days on market

65

Sale-to-list ratio

98.9%

Long Beach, CA

9 comparable properties found

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Location

Listing Courtesy of First American Team Realty Inc, Jim Chhun, DRE #01359353

Sold By First American Team Realty Inc, Steve Vong, DRE #01273285

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Property Information for 565 East Rhea Street, Unit 2

Property Details
  • MLS Type: Residential Income
  • Architectural Style: Contemporary
  • View: None
  • Parking Spaces Total: 7
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 2.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 1832
  • Assessor Parcel Number: 7209-003-019
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 1832
  • Building Area Units: Square Feet
  • Fireplace: No
  • Pool: No
  • View: No
  • View: No
  • Zoning: LBR1N
  • Subdivision Name: Poly High (PH)
  • Subdivision Name Other: Poly High (PH)
  • Senior Community: No
  • Parcel Number: 7209003019
  • Area: Poly High (9)
  • Directions: FROM 405 TOWARD DOWNTOWN LONG BEACH AND TURN RIGHT ON REAH ST
Building Information
  • Stories: 1
  • Year Built: 1919
  • Lot Size: 0.15 AC / 6,470 SF
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $53,520
  • Net Operating Income: $48,200
  • Financing: Cash
Expense Details
  • Operating Expense: $5,320
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,326
  • Trash Expense: $1,250
  • Water Sewer Expense: $1,020
  • Total Expenses: $3,596
Tax / Assessment Info
  • Tax Block: 4
  • Tax Tract Number: 2
  • Tax Census Tract: 5732.02
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Room
  • Interior Features: Unfurnished
  • Room Type: Family Room, Kitchen
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: See Remarks
  • Heating: See Remarks
  • Flooring Type: Wood
  • Flooring: Wood
Exterior Features
  • Door Features: Panel Doors
  • Window Features: Screens, Wood Frames
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior Features: Stable
  • Roof: Composition
  • Fence: Yes
  • Fence: Barbed Wire
  • Fencing: Barbed Wire
  • Foundation Details: Concrete Perimeter
  • Foundation Details: Concrete Perimeter
  • Other Structures: Two On A Lot
  • Property Condition: Fixer
  • View Description: None
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: Alley, City Street
  • Levels: One
  • Water: Public
  • Sewer: Sewer Assessments
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Converted Garage, Garage - 1 Car
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Converted Garage, Concrete, Garage - Single Door
Property / Structure Info
  • Builders Tract Name: Poly High
  • Builders Tract Code: Poly High (PH)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,735
  • Unit Type Total Rent: $2,735
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,725
  • Unit Type Total Rent: $1,725
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 565 East Rhea Street, Unit 2

DateEvent & SourcePriceAppreciation
May 8, 2023

Sold

CRMLS #PW23045425

$750,000
May 8, 2023

Sold

CLAW #PW23045425MR

$750,000
Apr 4, 2023

Pending

CRMLS #PW23045425

DateEvent & SourcePrice
05/08/2023

Sold

CRMLS #PW23045425

$750,000
05/08/2023

Sold

CLAW #PW23045425MR

$750,000
04/04/2023

Pending

CRMLS #PW23045425

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 565 East Rhea Street, Unit 2

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Burnett Elementary School
PublicK to 5

Jessie Nelson Academy
Public6 to 8

Polytechnic High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 565 East Rhea Street, Unit 2, Long Beach, CA 90806
$750,000
5
3
1,832
6,470
$750,000
5
3
6,470
$385,000
3
1,192
6,441
$190,000
2
1,384
3,973
$243,000
3
1,680
2,925
3
2
1,358
6,500

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First American Team Realty Inc, Jim Chhun, DRE #01359353

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.