Off Market Mar 2006 for $2.1M

—

Est. refi paymentEst. refi $2,534/mo

•

36 ba

•

6,162

sq ft

532 E RHEA St E, Long Beach, CA 90806

About this home

Sale includes 532 & 542 E. Rhea - For a total of 18 units. Greatly improved area! Property shows well. Mostly 2 br. units. Garages and parking spaces rented for extra income. Have lender new loan quote of 75% loan to value. Cash flow approx. $4,442 month (25% down). Approx. 9.56% cash on cash return! One of the best cash flow properties currently on the market! See actual (ACT) and market (MKT) rents below. PLEASE NOTE: DRIVE BY ONLY - DO NOT DISTURB TENANTS OR WALK ON PROPERTY!

Multi-familyProperty Type

1964Year Built

6,499 sq ftLot Size

$349Price/Sq.Ft.

8 garage spacesParking

Listed by Michael Lembeck •DRE #01019397 • Keller Williams Realty

Bought with Out of Area Out of Area

Redfin checked: 2 minutes ago

•Source:CRMLS #S398824

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 90806, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

102.5%

+0.1% MoM

Median sale price

$810K

$180 MoM

Avg. days on market

32d

2 days MoM

Recently sold homes

1 MoM

New listings for sale

REDFIN OPEN SUN, 1PM TO 4PM
$719,000
2 beds1 bath1,091 sq ft
2240 Pine Ave, Long Beach, CA 90806
$850,000
3 beds2 baths1,846 sq ft
2925 San Francisco, Long Beach, CA 90806
$1,200,000
6 beds4 baths3,516 sq ft
2421 Magnolia, Long Beach, CA 90806
COMING SOON
$874,988
3 beds3.5 baths1,594 sq ft
727 W Hill, Long Beach, CA 90806
$1,099,999
6 beds4 baths2,132 sq ft
1972 Olive, Long Beach, CA 90806
OPEN SAT, 1PM TO 4PM
$899,000
3 beds2 baths1,565 sq ft
741 W Hill, Long Beach, CA 90806
OPEN SAT, 10AM TO 12PM
$799,500
6 beds3 baths2,114 sq ft
1100 E Salt Lk, Long Beach, CA 90806
3D WALKTHROUGH
$1,100,000
5 beds5 baths4,554 sq ft
1844 Atlantic Ave, Long Beach, CA 90806
$1,150,000
4 beds4 baths2,600 sq ft
2472 Chestnut Ave, Long Beach, CA 90806
See all

Provided by Redfin

Sale history for 532 E RHEA St E

Date

Event

Price

TheMLS #10-443545

Nov 2, 2011

Delisted

—

Oct 25, 2010

Price Changed

Apr 19, 2010

Listed

CRMLS #C103568

May 1, 2009

Listing Removed

—

Jan 26, 2009

Listed

$2,295,000

$372/sq ft

CRMLS #C102918

Jan 2, 2009

Listing Removed

—

Jun 27, 2008

Listed

$2,295,000

$372/sq ft

CRMLS #C101792

Jun 26, 2008

Listing Removed

—

Sep 20, 2007

Listed

$2,300,000

$373/sq ft

CRMLS #S398824

Mar 23, 2006

Sold

$2,150,000

$349/sq ft

May 31, 2005

Listed

$2,228,500

$362/sq ft

CRMLS #P360529

Apr 20, 2004

Sold

$1,620,000

$263/sq ft

Sep 9, 2003

Listed

$1,620,000

$263/sq ft

Public Records

Jul 5, 2002

Sold

$995,000

$161/sq ft

Public Records

Aug 22, 2000

Sold

$655,000

$106/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$16,252 (+4.8%)

$367,754 + $766,160

$1,133,914

2024

$15,512 (+1.8%)

$367,754 + $766,160

$1,133,914

2023

$15,237 (+6.4%)

$360,544 + $751,138

$1,111,682

2022

$14,326 (+2.3%)

$353,475 + $736,410

$1,089,885

2021

$14,002 (+0.3%)

$969,000 + $1,020,000

$1,989,000

2020

$13,965 (+1.2%)

$339,750 + $707,815

$1,047,565

2019

$13,802 (−5.1%)

$336,267 + $700,558

$1,036,825

2018

$14,539 (+9.6%)

$329,674 + $686,822

$1,016,496

2017

$13,260 (+7.6%)

$316,873 + $660,152

$977,025

2016

$12,322 (+4.0%)

$316,873 + $660,152

$977,025

2015

$11,845 (+0.4%)

$310,660 + $647,208

$957,868

2014

$11,799 (−4.8%)

$300,000 + $625,000

$925,000

2012

$12,394 (−12.1%)

$494,500 + $475,500

$970,000

2011

$14,095 (+1.1%)

$494,500 + $475,500

$970,000

2010

$13,937 (+0.7%)

$584,530 + $562,130

$1,146,660

2009

$13,844 (+7.3%)

$580,162 + $557,929

$1,138,091

2008

$12,897

$581,541 + $559,255

$1,140,796

Tax history for 532 E RHEA St E

Year

Property tax

Land + Additions

Assessment*

2025

$16,252 (+4.8%)

$367,754 + $766,160

$1,133,914

2024

$15,512 (+1.8%)

$367,754 + $766,160

$1,133,914

2023

$15,237 (+6.4%)

$360,544 + $751,138

$1,111,682

2022

$14,326 (+2.3%)

$353,475 + $736,410

$1,089,885

2021

$14,002 (+0.3%)

$969,000 + $1,020,000

$1,989,000

2020

$13,965 (+1.2%)

$339,750 + $707,815

$1,047,565

2019

$13,802 (−5.1%)

$336,267 + $700,558

$1,036,825

2018

$14,539 (+9.6%)

$329,674 + $686,822

$1,016,496

2017

$13,260 (+7.6%)

$316,873 + $660,152

$977,025

2016

$12,322 (+4.0%)

$316,873 + $660,152

$977,025

2015

$11,845 (+0.4%)

$310,660 + $647,208

$957,868

2014

$11,799 (−4.8%)

$300,000 + $625,000

$925,000

2012

$12,394 (−12.1%)

$494,500 + $475,500

$970,000

2011

$14,095 (+1.1%)

$494,500 + $475,500

$970,000

2010

$13,937 (+0.7%)

$584,530 + $562,130

$1,146,660

2009

$13,844 (+7.3%)

$580,162 + $557,929

$1,138,091

2008

$12,897

$581,541 + $559,255

$1,140,796

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

6,470 Sq. Ft.

Year renovated

1964

Sq. Ft.

6,162

Year built

1964

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

7209004013

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 29, 2026.

RMU4-A

Residential Mixed-Use 4-A Series Zone

Residential Mixed-Use 4 (RMU4 A-Series) zone is residentially focused and permit higher density residential uses in areas where multi-family housing is currently the dominant use. These zones permit intensification of existing residential areas to increase housing opportunities and introduce neighborhood-serving, non-residential uses in proximity to residents.

Permitted uses

Include but are not limited to:

Agriculture
Day care facility
Retail-Grocery
Restaurant
Housing-Group
Housing-Multiple units
Housing-Senior
Housing-Other
Mixed use
Park & open space

Property details

Parking

Parking / Garage Information
# of Garage Spaces: 8
Parking Space, See Remarks
# of Parking Spaces: 12

Interior

Laundry Information
Community

Interior Features
Levels: Two

Unit Type 1 Information
Unit Key Numeric: 211265
Listing Key Numeric: 1368712
Actual Rent: $775
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Total Rent: $775
Total # of Units: 1

Unit Type 2 Information
Unit Key Numeric: 211266
Listing Key Numeric: 1368712
Actual Rent: $811
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Total Rent: $811
Total # of Units: 1

Unit Type 3 Information
Listing Key Numeric: 1368712
Unit Key Numeric: 211267
Actual Rent: $814
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Total Rent: $814
Total # of Units: 1

Unit Type 4 Information
Listing Key Numeric: 1368712
Unit Key Numeric: 211268
Actual Rent: $851
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Total Rent: $851
Total # of Units: 1

Unit Type 5 Information
Unit Key Numeric: 211269
Listing Key Numeric: 1368712
Actual Rent: $932
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $932
Total # of Units: 1

Unit Type 6 Information
Listing Key Numeric: 1368712
Unit Key Numeric: 211270
Actual Rent: $943
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $943
Total # of Units: 1

Unit Type 7 Information
Unit Key Numeric: 211271
Listing Key Numeric: 1368712
Actual Rent: $950
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $8,550
Total # of Units: 9

Unit Type 8 Information
Unit Key Numeric: 211272
Listing Key Numeric: 1368712
Actual Rent: $993
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $1,986
Total # of Units: 2

Unit Type 9 Information
Unit Key Numeric: 211273
Listing Key Numeric: 1368712
Actual Rent: $1,000
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $1,000
Total # of Units: 1

Unit Type 10 Information
Unit Key Numeric: 211274
Listing Key Numeric: 1368712
Actual Rent: $825
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Total Rent: $3,300
Total # of Units: 4

Multi-Unit Information
# of Units With Drapes: 18
# of Units With Disposal: 18
# of Units With Carpet: 18
Net Operating Income: $154,953
Total Building Area: 6,162
Gross Spendable Income: $53,313
Gross Scheduled Income: $212,400
Gross Multiplier: 10.49
Gross Income: $16,700
Laundry Equipment Own or Lease: Lease
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 18
# Of Separate Electric Meters: 18
# Of Buildings: 2
Operating Expense Percent: $25
Vacancy Allowance Rate: 2
Vacancy Allowance: 4248

Exterior

Exterior Information
Construction Materials: Frame, Stucco

Exterior Features
Pool Features: None

Lot Information
Lot Size Source: Assessor's Data

Property Information
Total # of Units: 18
Parcel Number: 7209004013

Financial

Lease / Rental Details
Operating Expense: $53,199
Other Expense Description: 0
Tenant Pays: Cable TV, Electricity, Gas, Trash
Total Actual Rent: $16,300

Utilities

Utilities Information
Sewer Connected

Location

Location Information
Latitude: 33.79260000
Longitude: -118.18651200
Zoning: MULTI

Public facts

Beds: 15
Baths: 9.0
Sq. Ft.: 6,162
Stories: —
Lot Size: 6,470 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1964
Year Renovated: 1964
County: Los Angeles County
APN: 7209004013

Home facts updated by county records on Aug 29, 2026

Other

Listing Information
Days Active in MLS: 259
Continuous Days Active in MLS: 259

Listing Agent Information
List Agent First Name: Michael
List Agent Last Name: Lembeck

Listing Office Information
List Office Name: Keller Williams Realty

Selling Agent Information
Buyer Agent First Name: Out of Area
Buyer Agent Last Name: Out of Area

Selling Office Information
Buyer Office Name: Out of Area

Around this home

Schools

Burnett Elementary School

Public K-5 • Assigned • 0.4mi

4/10

Jessie Nelson Academy

Public 6-8 • Assigned • 1.0mi

3/10

Polytechnic High School

Public 9-12 • Assigned • 0.4mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...
2 months ago • Los Angeles County
Peter Santos
Redfin Premier agent
82 deals
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Climate risks

2/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 88° expected this year, 23 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

9 unhealthy days expected this year, 10 days in 30 years

Provided by First Street

Historical weather

Long Beach, CA • 90806

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 6.9 hours in December, placing it above the U.S. average for solar exposure.

9.1 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 532 E RHEA St E

Data from public records.

Address	Redfin Estimate
525 East Rhea St, Long Beach, CA 8 Beds \| 8 Baths \| 4424 Sq. Ft.	—
549 East Rhea St, Long Beach, CA 2 Beds \| 1 Baths \| 1234 Sq. Ft.	$850,609

Address	Redfin Estimate
539 East Rhea St, Long Beach, CA 13 Beds \| 13 Baths \| 6372 Sq. Ft.	—
522 East Rhea St, Long Beach, CA 15 Beds \| 7 Baths \| 4212 Sq. Ft.	$1,866,861

Address	Redfin Estimate
541 East Rhea St, Long Beach, CA 4 Beds \| 3 Baths \| 2497 Sq. Ft.	$859,908
542 East Rhea St, Long Beach, CA 15 Beds \| 9 Baths \| 6138 Sq. Ft.	—

Property information provided by CRMLS when last listed in 2005. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 90806, CA

Sale history for 532 E RHEA St E

Tax history for 532 E RHEA St E

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90806

Home values near 532 E RHEA St E

More real estate resources