$505,000
●
House -
Off Market
16306 Mcrae Avenue
Norwalk, CA 90650
3 Beds
2 Baths
1,274 Ft²
$736,720
RealtyHop Estimate
47.37%
Since Jul 1, 2019
CA-Los Angeles
Primary Model
About This Property
1st time on market in 50 years. Located in the award winning ABC
Unified School District on the southern most tip of Norwalk near
Cerritos, and Artesia. This recently refreshed home features
attached 2 car garage that can be accessed from the covered front
porch, and a large driveway with plenty of parking. As you step
inside this lovely 3 bedroom 2 bath home you will be welcomed by
the original hardwood floors throughout, and contemporary wall
colors. 1st bedroom is conveniently attached to a bathroom with
shower. Bedroom 2 & 3 have a full bathroom between them. Ample
sized living room with dining area, and sliding door to covered
patio and a large yard. A great space to enjoy the company of
friends and family. The kitchen will charm you with its butcher
block counter tops & farmhouse sink. Laundry room is adjacent to
kitchen. Stay warm on cold nights with the new furnace. Dual pane
windows help keep the indoor climate nice all year long. Don't miss
this rare opportunity to make your own lifetime of memories here.
Unit Size
1,274 Ft²
Days on Market
47 days
Land Size
0.12 acres
Price per sqft
$392
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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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 #PW19087446)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2019 | Sold | ||
| Sold | |||
| Apr 17, 2019 | Listed by RE/MAX College Park Realty | $499,900 | |
| Listed by RE/MAX College Park Realty | |||
Property Highlights
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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Baths
ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Norwalk
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Listed by: Shawn Dixon, RE/MAX College Park Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19087446
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19087446
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