1425 Cedar Avenue
About This Property
2 two-bedroom/one-bath units. All units have separate gas and electric meters. The building also contains 4 garages plus a coin-opearated on-site laundry both of which yield extra income. Great location close to middle school, shopping, public transit, close to downtown Long Beach and Beaches.This property always stays rented and is currently 100% occupied. This is an Investors dream, easy to rent and easy maintenance.
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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 |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | Listed by Keller Williams OC Coastal Realty | $1,850,000 | |
| Listed by Keller Williams OC Coastal Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/11/2024
| |
Studio
|
-
|
-
|
$1,850,000
Studio
-
|
$1,682,500
-9.05%
11/08/2024
|
Jeff Stearman
Keller Williams OC Coastal Rea
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017