$566,000
●
House -
Off Market
1714 Petaluma Avenue
Long Beach, CA 90815
3 Beds
2 Baths
1,340 Ft²
$797,166
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
OPPORTUNITY KNOCKS!!! POTENTIAL, POTENTIAL, POTENTIAL! AN
INVESTOR'S DREAM - 1,300+ SQ. FT. HOME (FIXER) ON HUGE 7,214 SQ.
FT. LOT IN POPULAR LONG BEACH NEIGHBORHOOD! Short distance to
freeways... walk to Award Winning Tincher K-8 Prepatory School, or
visit nearby CSULB, parks, shopping, dining & more! This 3
bedrooms, 2 bath home is a tremendous opportunity for the right
buyer. Kitchen is open to dining ell/living room. Master has
attached bath & leads to expansive family room with open beam
ceiling, wood paneling, brick fireplace w/wide brick hearth and
sliding door to covered patio & backyard. The lot is so
large, the house could be expanded and there would still be room
for a large yard w/pool if desired! HURRY! This one will definitely
go fast!!! See Pictures For More Detail!
Unit Size
1,340 Ft²
Days on Market
26 days
Land Size
0.17 acres
Price per sqft
$373
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
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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 #PW17166587)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 15, 2019 | Sold | ||
| Sold | |||
| Jan 11, 2019 | Listed by Nationwide Real Estate Execs | $759,000 | |
| Listed by Nationwide Real Estate Execs | |||
| | |||
|
Welcome to 1714 Petaluma Ave situated on a large premium lot in the coveted College Park area. This 3 bed, 2 bath, 1340 sq.ft. home has been completely remodeled and updated and is move in ready. New wood and tile flooring, windows, copper piping, recessed lighting and paint throughout. Wide open floor plan offers a spacious living room with plenty of light. Nicely appointed kitchen with all new stainless steel appliances, soft close cabinets, new counter tops and back splash tile. Formal dining room opens out through glass sliding doors to the newly landscaped and renovated backyard and patio. Extremely large backyard and grass area perfect for BBQing and family entertaining (yard has plenty of space to install a pool). Expansive master retreat boasts a connecting office space, vaulted wood beam ceilings, stone tiled wood burning fireplace, walk in closet, sliders to outdoor patio, and a completely remodeled ensuite. Two bright and sunny additional bedrooms share a highly updated full bath. One car attached garage with laundry hook ups. This is a perfect starter home just steps to the highly accredited Tincher Elementary School. Close to freeways and shopping.
| |||
| Jan 8, 2018 | Sold | ||
| Sold | |||
| Nov 28, 2017 | Listed by KW Executive | $719,000 | |
| Listed by KW Executive | |||
| | |||
|
Welcome to 1714 Petaluma Ave in the highly desired State College Area of Long Beach. A bright open floor plan welcomes you as you walk in with an open view of the beautiful kitchen. Stainless steel Samsung appliances, soft close cabinets, and distinctive tile flooring at the perimeter truly makes this kitchen one of a kind. As you continue through the home you will find new flooring throughout, two guest bedrooms with brand new windows allowing plenty of natural light to flow in. The guest restroom has been finished with new tile flooring, copper piping, and a natural stone tile wall for the shower. As you make your way to the expansive master bedroom, you will immediately notice the handsome cathedral beams and fireplace. The distinctive brown wood finishing continues in the master bath shower enclosed by an oversized glass door. A separate walk-in closet and office/reading den completes this stunning master bedroom. The large backyard has enough space for the perfect area to entertain your guests; summer BBQs or build a cozy firepit for the winter evenings.
| |||
| Aug 15, 2017 | Sold | ||
| Sold | |||
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About East End
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Listed by: Joseph Sopo, Keller Williams Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17166587
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17166587
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