$695,000
●
House -
Off Market
218 Granada Avenue
Long Beach, CA 90803
1 Bed
1 Bath
626 Ft²
$1,064,828
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model
About This Property
A Unique Property to Rehab or Rebuild in the middle of Belmont
Shore. 626 square feet of living space. Larger than Average
Lot at 29' x 90'. 100 AMP Electric service. Zoned
Lbr2s.
Or.....
Everybody's Dream Home in The Shore!!! Cozy One Bedroom Single Family Home that Charms you from the Curb. This Casa is built in the Spanish Revival style of architecture. Custom features include coved ceilings, hardwood flooring, faux fireplace, built-in cabinetry, attached one car garage + driveway and off-alley parking, kitchen with built-in breakfast nook, separate laundry room with stackable washer/dryer and utility sink. Outdoor automatic sprinklers in front and rear. Walk to 2nd Street and the beach. Rental income history of $1850 per month.
Or.....
Everybody's Dream Home in The Shore!!! Cozy One Bedroom Single Family Home that Charms you from the Curb. This Casa is built in the Spanish Revival style of architecture. Custom features include coved ceilings, hardwood flooring, faux fireplace, built-in cabinetry, attached one car garage + driveway and off-alley parking, kitchen with built-in breakfast nook, separate laundry room with stackable washer/dryer and utility sink. Outdoor automatic sprinklers in front and rear. Walk to 2nd Street and the beach. Rental income history of $1850 per month.
Unit Size
626 Ft²
Days on Market
123 days
Land Size
0.06 acres
Price per sqft
$1,118
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1925
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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 #PW18190107)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 7, 2018 | Sold | ||
| Sold | |||
| Aug 6, 2018 | Listed by Coldwell Banker Beachside | $699,900 | |
| Listed by Coldwell Banker Beachside | |||
Property Highlights
Fireplace
Parking Available
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Belmont Shore
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mollie Beck, Coldwell Banker Beachside
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW18190107
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW18190107
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