$689,000
●
House -
Off Market
16818 Coral Reef Circle
Cerritos, CA 90703
3 Beds
2 Baths
1,452 Ft²
$1,015,403
RealtyHop Estimate
47.37%
Since Jul 1, 2019
CA-Los Angeles
Primary Model
About This Property
Situated on a cul de sac in the heart of a well-kept neighborhood,
this spacious home has been freshly painted inside and out and is
move-in ready. As you enter, you'll be impressed with the light,
airy feeling in the living room, which boasts high ceilings and a
cozy fireplace flanked by built-in bookcases. At the rear of the
home, you'll find the open kitchen and dining room. Perfect for
everyday living or entertaining, the kitchen is the heart of the
home. It features bright white cabinets, new quartz counters, and
tile floors. The dining area flows to the back yard, with a new
patio and multiple fruit trees. Enjoy lemons, oranges, tangerines,
pomelos, persimmons, or calamansi from your trees or plant your own
vegetable garden. The home offers three bedrooms and two baths plus
a den that could be used as a fourth bedroom. The large master
bedroom has an en suite bath and overlooks the back yard. Situated
convenient to the 91, 605, and 105 freeways, this home allows easy
access to schools from elementary through college along with the
Cerritos Mall, Cerritos Town Center, movie theaters, restaurants,
parks, and more.
Unit Size
1,452 Ft²
Days on Market
50 days
Land Size
0.15 acres
Price per sqft
$475
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1976
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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 #PW19093130)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 13, 2019 | Sold | ||
| Sold | |||
| Apr 24, 2019 | Listed by Keller Williams Coastal Prop. | $689,000 | |
| Listed by Keller Williams Coastal Prop. | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Cerritos
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Shannon Jones, Keller Williams Coastal Prop.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19093130
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19093130
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