$800,000
●
House -
Off Market
11216 Park Street
Cerritos, CA 90703
5 Beds
3 Baths
2,688 Ft²
$1,104,182
RealtyHop Estimate
38.02%
Since Aug 1, 2020
CA-Los Angeles
Primary Model
About This Property
This forever home is located in one of the most desirable
communities in Cerritos. On a 5,715 SF lot, this 2,688 SF home
features 5 bedrooms (Bonus Room can be used as a 5th bedroom, guest
room, study room, playroom, office) and 3 bathrooms. High vaulted
ceilings with plenty of natural sunlight awaits you as you enter
the home. The large kitchen with an open concept is connected to
the family room which includes a wet bar for entertaining. There
are 3 bedrooms and 3 bathrooms downstairs. Upstairs has a bedroom,
bathroom and the very special Bonus Room. The front and backyard
were extremely cared for by the owners. Please do not miss this
opportunity to use this blank canvas and customize this home the
way you want it. Centrally located near shopping centers,
restaurants, and part of the prestigious ABC School District.
Nearby schools include Gahr (Richard) High School, Ross (Faye)
Middle School and Niemes (John H.) Elementary School.
Unit Size
2,688 Ft²
Days on Market
41 days
Land Size
0.13 acres
Price per sqft
$298
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1968
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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: 4 months ago (CRMLS #PW20102804)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 13, 2020 | Sold | ||
| Sold | |||
| Jun 2, 2020 | Listed by Landmark Real Estate | $799,999 | |
| Listed by Landmark Real Estate | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
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Listed On
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HOA + Taxes
About Cerritos
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Listed by: Young Kim, Landmark Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW20102804
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW20102804
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