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1842 Stevely Avenue
About This Property
The remodeled kitchen and living areas flow seamlessly to the backyard, creating an ideal space for everyday living and entertaining. The oversized lot offers multiple fruit trees, a covered patio, built-in BBQ, and a large detached shed that has been utilized as a studio, home office, and additional bedroom space. Direct access to the garage adds convenience, while the location provides close proximity to parks, shopping, dining, and easy access to the beach, whether by car or bike. This move-in ready home presents an opportunity to enjoy one of Long Beach's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Aug 26, 2026 | Sold | ||
| Sold | |||
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Relisted | $1,249,000 | |
| Relisted | |||
| Jul 10, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | Listed by The RECollective | $1,249,000 | |
| Listed by The RECollective | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017