$492,000
●
House -
Off Market
2040 Caspian Avenue
Long Beach, CA 90810
3 Beds
1 Bath
1,272 Ft²
$732,959
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
Recently remodeled single story home with an additional
mother-in-law quarters. Both living spaces have new heating
and a/c. New windows. New electrical panel. 1 car
detached garage with attached utility room with laundry hook-ups.
Large back yard and extra long driveway. Easy freeway
access. Just a short distance to Downtown Long Beach.
Unit Size
1,272 Ft²
Days on Market
266 days
Land Size
0.15 acres
Price per sqft
$385
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1941
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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 #PW18154598)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 27, 2019 | Listed | $490,000 | |
| Listed | |||
| | |||
|
Recently remodeled single story home with an additional mother-in-law quarters. Both living spaces have new heating and a/c. New windows. New electrical panel. 1 car detached garage with attached utility room with laundry hook-ups. Large back yard and extra long driveway. Easy freeway access. Just a short distance to Downtown Long Beach. The manager has listed the unit size as 1272 square feet.
| |||
| Mar 20, 2019 | Sold | ||
| Sold | |||
| Jun 27, 2018 | Listed by SSK Realty | $490,000 | |
| Listed by SSK Realty | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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HOA + Taxes
About West Long Beach
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Listed by: Brandon Moore, SSK Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW18154598
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW18154598
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