$741,026*
●
Condo -
Off Market
1 3rd Place #503
Long Beach, CA 90802
1 Bed
1 Bath
816 Ft²
$583,000 - $711,000
Reference Base Price*
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
Beachfront condominium in the Ocean Terrace Complex. Enjoy Marina
and Queen Mary views from this open and spacious 1 Bedroom/1 Bath
condo. Polished concrete flooring throughout the home. Balcony off
living room to enjoy the ocean breeze. Breakfast bar. Spacious
bedroom with mirrored wardrobe closets. Lots of storage. Forced air
heating system. 2 Parking Spaces (#89 & #90). Complex has roof top
deck with awesome ocean views, pool, spa, recreation room,
community laundry, and direct beach access with a stairway to the
beach. Low HOA dues of approximately $452.
The manager has listed the unit size as 816 square feet.
The manager has listed the unit size as 816 square feet.
Unit Size
816 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$794
Property Type
Condo
Property Taxes
-
HOA Dues
$452
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2021 | No longer available | - | |
| No longer available | |||
| Aug 10, 2021 | Listed | $647,500 | |
| Listed | |||
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/30/2024
|
1 Bed
|
1 Bath
|
779 ft²
|
$795,000
1 Bed
1 Bath
779 ft²
|
-
-
|
Brett Howard
Howard Realty Group
| |
|
10/20/2023
|
2 Bed
|
1.5 Bath
|
1304 ft²
|
$899,500
2 Bed
1.5 Bath
1304 ft²
|
-
-
|
AnneMarie Baham
Keller Williams Coastal Proper
| |
|
03/21/2023
|
1 Bed
|
1 Bath
|
740 ft²
|
$759,888
1 Bed
1 Bath
740 ft²
|
-
-
|
Bill Etchegaray
Century 21 Award
| |
|
08/10/2022
|
2 Bed
|
2 Bath
|
1251 ft²
|
$999,900
2 Bed
2 Bath
1251 ft²
|
-
-
|
Oscar Montani
Home Team Realty
| |
|
02/05/2022
|
2 Bed
|
3 Bath
|
1304 ft²
|
$860,000
2 Bed
3 Bath
1304 ft²
|
-
-
|
AnneMarie Baham
Keller Williams Coastal Proper
| |
|
09/10/2021
|
1 Bed
|
1 Bath
|
779 ft²
|
$739,000
1 Bed
1 Bath
779 ft²
|
-
-
|
Nick Resendez
Keller Williams Pacific Estates Cerritos
| |
|
08/10/2021
|
1 Bed
|
1 Bath
|
816 ft²
|
$647,500
1 Bed
1 Bath
816 ft²
|
-
-
|
Stuart Yormak
Coldwell Banker Coastal Alliance
| |
|
11/14/2020
|
2 Bed
|
1 Bath
|
1030 ft²
|
$689,000
2 Bed
1 Bath
1030 ft²
|
-
-
|
-
| |
|
11/03/2019
|
2 Bed
|
2 Bath
|
1251 ft²
|
$799,000
2 Bed
2 Bath
1251 ft²
|
$750,000
-6.13%
02/28/2020
|
Caterina Helfenstein
Berkshire Hathaway H.S.C.P.
| |
|
06/19/2019
|
1 Bed
|
1 Bath
|
779 ft²
|
$578,000
1 Bed
1 Bath
779 ft²
|
-
-
|
-
| |
|
02/06/2019
|
2 Bed
|
1 Bath
|
1200 ft²
|
$829,000
2 Bed
1 Bath
1200 ft²
|
$829,000
04/05/2019
|
Karen Volpei
Keller Williams - Burbank
| |
|
07/11/2017
|
2 Bed
|
1 Bath
|
1180 ft²
|
$739,000
2 Bed
1 Bath
1180 ft²
|
$729,000
-1.35%
09/01/2017
|
Patricia Kilian
Gasper-Monteer Realty Group
| |
|
06/07/2017
|
1 Bed
|
1 Bath
|
814 ft²
|
$539,000
1 Bed
1 Bath
814 ft²
|
$534,000
-0.93%
08/11/2017
|
John Correa
Sunwest Realty
|
Building Info
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