235 E Eldridge
About This Property
Just minutes from the beach, Belmont Shore, and Downtown Long Beach, you'll be surrounded by some of the city's best restaurants, cafes, boutiques, and nightlife-while still enjoying a peaceful neighborhood atmosphere that offers both privacy and convenience.
Step inside to find a bright and inviting interior where the living and dining areas are filled with natural light, featuring large windows, recessed lighting, and gorgeous wood-style floors that flow throughout. The galley-style kitchen impresses with crisp white cabinetry, sleek black hardware, modern countertops, and brand-new appliances, blending style and functionality for everyday living.
Each bedroom is generously sized and filled with natural light, while the primary suite features its own ensuite bathroom with a mid-century inspired vanity and fixtures, preserving the home's timeless character.
The spacious backyard is perfect for entertaining, gardening, or relaxing outdoors. A large detached garage provides abundant space for vehicles, storage, or even a potential workshop, and the extended driveway easily fits an additional 3–4 cars, ideal for guests or multiple vehicles.
Whether you're searching for your first home or a turnkey investment property, this Long Beach coastal gem offers comfort, character, and a prime location-all in one move-in-ready package.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017