$775,000
●
House -
Off Market
1855 NIPOMO Avenue
Long Beach, CA 90815
3 Beds
1 Bath
1,710 Ft²
$1,135,115
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
Spacious and Upgraded Home situated on a beautiful tree-lined
street in a premier Long Beach neighborhood is ready for you to
move in! Open floorplan with a remodeled kitchen including granite
countertops, stainless steel appliances, and tons of storage. The
floorplan throughout the living space creates the ideal area to
entertain and relax. The living area offers a wood burning
fireplace and hardwood floors which opens to the covered patio;
great for outdoor dinners. The residence has been updated within
the last several years with new plumbing, roof, recessed lighting,
vinyl fencing, HVAC, patio sliders, interior doors, and exterior
paint. Just a short walk to El Dorado Park and Golf Course
and a bike ride away from the beach, shopping and restaurants.
This home's location is the best of what Long Beach has to
offer. Home is in walking distance to the highly rated Tincher K-8
school as well as easy access to the freeway. Don't miss out on
seeing this home it won't last long!
Unit Size
1,710 Ft²
Days on Market
90 days
Land Size
0.13 acres
Price per sqft
$453
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
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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: 5 months ago (CLAW #19491834)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2019 | Sold | ||
| Sold | |||
| Jul 23, 2019 | Listed by Keller Williams Beverly Hills | $775,000 | |
| Listed by Keller Williams Beverly Hills | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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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ft²
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Listed On
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Sold On
HOA + Taxes
About East End
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Listed by: Ben Fisher, Keller Williams Beverly Hills
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 19491834
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 19491834
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