Listed by: Gilbert Sanchez, West Shores Realty, Inc.
$1,500,000
●
House -
Off Market
1105 Ramillo Avenue
Long Beach, CA 90815
3 Beds
2 Baths
2,136 Ft²
$8,116
Est. Monthly
$19
HOA / Fees
2.68%
Cap Rate
About This Property
Nestled on a picturesque and peaceful tree-lined street in Park
Estates, this elegant Mid-Century one-story home boasts timeless
charm and epitomizing comfort. Stepping inside, you're greeted by
the warmth of original hardwood floors, perfectly complemented by a
freshly painted interior and exterior. The living space is bathed
in natural light streaming through new dual pane windows,
illuminating the wood-beamed ceilings and creating an inviting
atmosphere. Imagine lounging in the living room, gazing through the
white vinyl sliding door, to the outdoor patio overlooking the
shimmering pool and spa, a perfect setting for relaxation and
entertainment. With three bedrooms and oversized den, there's ample
space for family and guests, while the well maintained
landscaped surroundings provide a serene backdrop for
everyday living. Outside, the expansive 8,000 sq. ft. lot offers a
generous side yard, ideal for pet runs or additional outdoor
activities. It is awaiting your finishing touches and the love to
make this beautiful home complete.
Unit Size
2,136 Ft²
Days on Market
65 days
Land Size
0.19 acres
Price per sqft
$772
Property Type
House
Property Taxes
-
HOA Dues
$19
Year Built
1954
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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.
Last updated: 3 years ago (CRMLS #SB24119649)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | Listed by West Shores Realty, Inc. | $1,649,000 | |
| Listed by West Shores Realty, Inc. | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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Asking Price
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Closing Price
Sold On
Sold On
HOA + Taxes
About Park Estates
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Listed by: Gilbert Sanchez, West Shores Realty, Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SB24119649
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SB24119649
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