$720,001
●
House -
Off Market
1305 E Armando Drive
Long Beach, CA 90807
3 Beds
2 Baths
1,928 Ft²
$1,134,443
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model
About This Property
Welcome Home to this charming 1940s vintage home in highly
desirable Bixby Terrace of Bixby Knolls in Long Beach. This home
has a roomy 3 bedrooms along with a 4th "bonus" room that could be
used as 4th bedroom (huge closets) or den, or office, etc. The tax
roll shows 2 bathrooms. Presently there is one full bath, one 3/4
bath, and one 1/2 bath -- buyer to verify sf & permits. Situated on
a large lot, the home has a lovely brick patio backyard as well as
plenty of room for entertaining or play grounds, gardens or
sandboxes. There is a separate laundry / utility room just
off of the garage. Don't miss the amazing original details
throughout the home as well as large formal sun-drenched living
space & charming formal dining room ... just bring your paintbrush!
Trust Sale.
Unit Size
1,928 Ft²
Days on Market
32 days
Land Size
0.18 acres
Price per sqft
$373
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1940
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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 #PW17267249)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2018 | Sold | ||
| Sold | |||
| Dec 4, 2017 | Listed by Beach Equities | $719,000 | |
| Listed by Beach Equities | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Bixby Knolls
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Listed by: Paige Fingerhut, Beach Equities
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17267249
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17267249
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