549 E Rhea
Long Beach, CA, 90806
(No pictures available yet)
$599,990
MLS: CV26087570
Beds
2
Baths
1
Sq Ft
1,234
Lot
0.15 ac
Year Built
1920
MLS #
CV26087570
Days on Market
5
Listed
Apr 22, 2026
Description
Charming 1920s single-story home in the desirable Poly High District of Long Beach. This 2-bedroom, 1-bath residence offers approximately 1,234 sq ft of living space on a generous ~6,500 sq ft lot, presenting excellent potential for expansion, ADU, or creating your ideal outdoor retreat. The home features a functional layout with spacious living areas, abundant natural light, and timeless character throughout. The large backyard and detached parking provide added flexibility for future improvements or entertaining. Perfect opportunity for investors, first-time buyers, or anyone looking to add value in a centrally located neighborhood close to schools, shopping, dining, and major freeways. Hurry this one Won’t Last!!
Location
Long Beach, Los Angeles County, CA 90806
Open on Google Maps ↗Listed by: Jesse Esparza · ROA California Inc
Payment estimate
$4,567
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $59,999 · Loan: $539,991
- Principal & Interest
- $3,417
- Property tax (1.25%)
- $625
- Homeowners insurance
- $300
- Mortgage insurance
- $225
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $21,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Long Beach, CA 90806 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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