$510,000
●
House -
Off Market
2040 Cedar Avenue
Long Beach, CA 90806
2 Beds
1 Bath
1,036 Ft²
$748,279
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model
About This Property
What a great opportunity! In the heart of the popular Wrigley
area neighborhood is this wonderful 1920's Spanish home loaded with
original touches, details, character and charm...not to mention
potential! Enter past the heavy wood door with a speakeasy
window in to the large living room with a huge picture window and
in to the adjacent formal dining room. Notice the curved
openings to the rooms, the original window frames and original
hardwood floors! The spacious kitchen has an eating area,
large garden window and a door out to the gated drive way.
Both bedrooms are comfortable in size and feature generously
sized closets with windows. One bedroom offers a sliding door
out to the large and inviting back yard. Be sure to check out
the large full bathroom with awesome yellow tiles. There is a
detached one car garage and a long gated driveway providing parking
for several cars. Big Bonus is that this property is zoned R2
and also has alley access. Potential for another unit in the
back!!! Great location with easy access to transportation,
shopping and priced as an excellent opportunity!!
Unit Size
1,036 Ft²
Days on Market
40 days
Land Size
0.11 acres
Price per sqft
$492
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1927
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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 #PW19127905)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2019 | Sold | ||
| Sold | |||
| May 31, 2019 | Listed by ERA North Orange County | $509,900 | |
| Listed by ERA North Orange County | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About South Wrigley
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mark Johnson, ERA North Orange County
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19127905
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19127905
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