2290 Canehill Avenue
About This Property
Dive in to this fabulous pool home in Los Altos!
Located on a super corner lot with tropical landscaping out front, this home offers wonderful features and benefits. Upon entering you will find a family room leading to the kitchen. Kitchen is open to the dining room with a wood burning fireplace. There is a convenient breakfast bar and access to the pool off the dining room. Also off the dining room is the master suite with an en-suite bathroom offering access to the pool with a shower. The other three bedrooms are spacious and there is an additional bathroom with a shower and bathtub that serves these bedrooms.
The Seller has made the following improvements within the past 5 years approximately: New roof (less than 1 year ago), pool deck, water heater, air-conditioner and landscape.
The home has partial copper plumbing, recessed lighting, hardwood flooring, tile and carpet. Front yard has automatic sprinklers. Seller is including the washer, dryer, refrigerator and a lovely china cabinet.
Home is close to shops, parks, freeways and schools. Long Beach is a fantastic community and has so much to offer including great schools, parks, Belmont Shore Stroll and Savor, Movies on the Beach, Concerts in the Park, Marine Stadium, Grand Prix, and Naples.
Assessor shows the home as a 3 bedroom, 2 bath home - There was a permitted addition of a "Den" which can be used as 4th bed. Permits available on LB City Website.
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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 |
|---|---|---|---|
| May 30, 2019 | Sold | ||
| Sold | |||
| Mar 12, 2019 | Listed by Douglas Elliman Of California, | $500,000 | |
| Listed by Douglas Elliman Of California, | |||
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“Auction Style Sale” Check out this Plantation Style, Single Level, Pool Home in Los Altos! Corner lot with dramatic tropical landscaping and lighting out front. Fully Remodeled and not lived in since the renovation, this home has it all! 4 bedrooms and 2 full baths boasting almost 1800sqft. with a huge private master suite. Home is close to shops, parks, freeways and schools. Long Beach is a fantastic community and has so much to offer including great schools, parks, Belmont Shore Stroll and Savor, Movies on the Beach, Concerts in the Park, Marine Stadium, Grand Prix, and Naples.
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| Oct 5, 2018 | Sold | ||
| Sold | |||
| Aug 16, 2018 | Listed by First Team Real Estate | $639,000 | |
| Listed by First Team Real Estate | |||
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About East End
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Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18199759
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