$776,000
●
House -
Off Market
178 Prospect Avenue
Long Beach, CA 90803
3 Beds
1 Bath
1,232 Ft²
$1,169,550
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Major price reduction making it the best Value in Belmont Shore!
Light & airy spacious three bedrooms one bath. One of a kind
classic fresh & clean two story home at the beach. Garage
w/desirable long driveway w/room for two more cars or RV. Lots of
windows to bring in the soothing Ocean breezes & natural light.
Desirable Hardwood floors throughout. Private newly landscaped
front yard. Walk to the beautiful blue Pacific Ocean. Enjoy fine
dinning , shopping & entertainment in Belmont Shore. Your chance to
own a home for less than $800K in one of the most desirable beach
communities in southern California.
Unit Size
1,232 Ft²
Days on Market
57 days
Land Size
0.06 acres
Price per sqft
$649
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924
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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 #PW19233442)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2022 | No longer available | - | |
| No longer available | |||
| Feb 9, 2022 | In contract | - | |
| In contract | |||
| Jan 11, 2022 | Listed by Nationwide Real Estate Execs | $1,179,000 | |
| Listed by Nationwide Real Estate Execs | |||
| | |||
|
Welcome to 178 Prospect Ave located in the heart of Belmont Shore. This 3 bed, 1 bath, 1232 sq.ft. home is meticulously landscaped and sits on a private little street off of Prospect Ave with an abundance of character and outdoor space. Enter into this charming home offering an open living room, recessed lighting, hardwood flooring, spacious dining area and a completely remodeled kitchen featuring stainless steel appliances, custom cabinetry, tiled backsplash, custom tiled flooring, stone countertops and a cozy built in breakfast nook. Spacious and private fenced backyard with low maintenance artificial turf and plenty of room for entertaining family and friends. Upstairs offers 3 generous sized bedrooms and a full bath that has been recently remodeled. Attached 1 car garage with laundry hook ups, extra parking with room for 2 cars, motorhome or boat. This wonderful home is just a few short blocks to the beach and just steps to the shops and restaurants on 2nd St. The manager has listed the unit size as 1232 square feet.
| |||
| Nov 27, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | Listed by Re/Max R. E. Specialists | $799,000 | |
| Listed by Re/Max R. E. Specialists | |||
Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Belmont Shore
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Listed by: Carleton Carlson, Re/Max R. E. Specialists
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19233442
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19233442
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