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565 E Rhea St, Long Beach, CA 90806
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565 E Rhea St Long Beach, CA 90806

$750,000 Sold Price as of 05/08/2023
  • 5 Beds
  • 3 Baths
  • 1,832 Sq.Ft.
Sold
$750,000 Sold Price as of 05/08/2023 Refinance Your Mortgage
Map preview of 565 E Rhea St, Long Beach, CA 90806

Property Overview: 565 E Rhea St Long Beach, CA has 5 bedrooms, 3 bathrooms, 1,832 living square feet and 6,470 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 | BRE #01359353 | First American Team Realty Inc
Last checked: 12 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
6,470
HOA Dues
$0/mo
Year built
1919
Garage
1 Car
Property Type:
Duplex
Status
Sold
MLS#
PW23045425
City
Long Beach
County
Los Angeles
Time on Site
424 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,735
  • Total Rent: $2,735
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $53,520
  • Net Operating Income: $48,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,320
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,250
  • Insurance: $1,326
  • Water/Sewer: $1,020

Property Details for 565 E Rhea St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Family Room, Kitchen
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Unfurnished
  • Levels: One
  • Window Features: Screens, Wood Frames
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • Stable
  • Has Fence
  • Barbed Wire
  • Other Structures: Two On A Lot
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Converted Garage, Concrete, Garage - Single Door
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7209003019
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Foundation Details: Concrete Perimeter
  • Property is not Attached
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Assessments
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: FROM 405 TOWARD DOWNTOWN LONG BEACH AND TURN RIGHT ON REAH ST
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 565 E Rhea St

Last sold for $750,000 on May 8th, 2023

  • May, 2023

  • May 8, 2023

    Date

    Sold

    CRMLS: PW23045425

    $750,000

    Price

  • Mar 20, 2023

    Date

    Active

    CRMLS: PW23045425

    $750,000

    Price

  • August, 2003

  • Aug 7, 2003

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

  • August, 2003

  • Aug 5, 2003

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

Show More

Tax History for 565 E Rhea St

Assessed Value (2020): $429,003
Year Land Value Improved Value Assessed Value
2020 $325,007 $103,996 $429,003

Home Value Compared to the Market

This property vs the competition

565 E Rhea St sold on May 8, 2023 for 6.25% lower than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $409.39 per/sqft which puts the price per square foot 35.22% lower than the current median sale per square foot for the city of Long Beach.

About 565 E Rhea St

Detailed summary of property

565 E Rhea St is a duplex that recently sold in Long Beach, CA 90806. This duplex offered 5 bedrooms, 3 bathrooms, roughly 1,832 living square feet, and sits on an approximately 6,470 square foot lot. 565 E Rhea St was first listed on ArdentRealEstateGroup.com on March 20, 2023. The homeowner sold the property for $750,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 6.25% lower than the current median priced home. Local homes that are currently for sale include 8128 Puritan St, 2310 E 117th St and 2111 E 118th St. While the average home in Long Beach, CA is selling in 51 days, 565 E Rhea St has a days on market of 10 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 565 E Rhea St Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 565 E Rhea St

Public county record property details
Beds
4
Baths
2
Year built
1919
Sq. Ft.
1,832
Lot Size
6,500
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7209-003-019

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$795,000
Median List Price/Sq.Ft.
$614
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$641
Total Inventory
13
Median Sale to List Price %
101.69%
Avg Days on Market
16
Loan Type
Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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