11227 Beach Street
About This Property
Inside, you'll be greeted by newer laminate flooring and plush carpeting, along with energy-efficient LED lighting throughout. The chef's kitchen is equipped with stone countertops, newer appliances, and sleek, modern cabinetry-ideal for preparing meals and hosting gatherings.
The home stays cool year-round, thanks to the newer AC system and ceiling fans in every room. For electric vehicle owners, the spacious garage is equipped with a 60-watt EV charging station.
Step outside to the inviting outdoor area, perfect for relaxation and entertaining. Enjoy a dip in the well-maintained pool.
This home also features a new roof and solar system recently installed, offering long-term energy savings. Other updates include a new hot water heater and an upgraded electrical panel. Both bathrooms have been thoughtfully updated, and fresh paint throughout the interior gives the home a bright, welcoming feel. Master bedroom has a built in office space, making ideal to work from home.
Located in a desirable Cerritos neighborhood, this home is close to excellent schools, parks, shopping, and dining. Don't miss this opportunity to own a move-in-ready home in a fantastic location!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 21, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Aug 31, 2024 | Listed by eXp Realty of California Inc | $1,280,000 | |
| Listed by eXp Realty of California Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017