2127 Stearnlee Avenue
About This Property
This home features an open floor plan that introduces an oversized living room with a bay window, original honey oak wood flooring, high ceilings, and is accented with beautiful crown molding and high baseboards throughout. This single-story 3-bedroom, 2-bathroom home spans approximately 1,781 sqft on a 5,700+ sqft lot. Has indoor laundry. It boasts well-kept rooms with recessed lighting, ceiling fans, heating, and air conditioning. Enjoy los electric bills with solar panels that will be paid off through escrow.
The large, remodeled kitchen with custom cabinets and granite countertops also includes a good-sized center island with breakfast bar, ample counter space, a wine rack, wine fridge, built-in trash drawers, a large pantry, and designer glass backsplash from counter to cabinets.
Escape to the primary bedroom with a brick fireplace, hearth, high wood-beamed ceilings, wooden shutters, dual wardrobe closets, and double doors opening to the inviting patio, all adding to the charm of this home.
The entertainer's dream backyard features a raised brick deck, mature trees and plants, and a green lawn. There is an oversized one-car garage and a large driveway which can accommodate at least two cars, plus additional street parking.
This home is located in the highly desired Los Altos neighborhood of Long Beach, centrally located near shops, restaurants, parks, freeways, schools, and churches. This home is a rare find! Don't miss out on the opportunity to make it yours.
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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 |
|---|---|---|---|
| Sep 11, 2024 | Sold | ||
| Sold | |||
| May 27, 2024 | Listed by First Team Real Estate | $1,175,000 | |
| Listed by First Team Real Estate | |||
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About East End
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017