2425 E 5th Street #2
About This Property
Step inside to discover New flooring that flows throughout the living room, kitchen and bedroom, new paint throughout, and new ceiling fan. The inviting open floor plan, perfect for both relaxation and entertaining. One large bedroom has plenty of closet space. With a private 1-car garage, convenience meets luxury seamlessly. Immerse yourself in the tranquil ambiance of ocean breezes drifting through the windows, inviting you to unwind and savor every moment.
Located just minutes away from the vibrant Belmont Shore, indulge in a plethora of shopping, dining, and recreational opportunities at your fingertips. Whether it's exploring quaint boutiques, grabbing a coffee at a local cafe, or enjoying a leisurely stroll along the shoreline, every day is an adventure waiting to unfold.
Don't let this rare opportunity slip away – condos in this area are a hot commodity and seldom become available. With a cooperative tenant making showings a breeze, now is the perfect time for your clients to make their move and secure a valuable investment in a prime location.
Seize the chance to own a slice of paradise near all the amenities and attractions that make Belmont Heights the ultimate coastal destination. Don't delay – schedule a showing today and make this exceptional condo your own before it's too late.
Dont' forget there is a garage off of the alley parking lot!
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Cap Rate Calculator
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 4, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by eXp Realty of California Inc | $375,000 | |
| Listed by eXp Realty of California Inc | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/24/2024
|
1 Bed
|
1 Bath
|
566 ft²
|
$399,000
1 Bed
1 Bath
566 ft²
|
-
-
|
Richard Daskam
Keller Williams - Long Beach Coastal
| |
|
06/07/2022
|
1 Bed
|
1 Bath
|
566 ft²
|
$360,000
1 Bed
1 Bath
566 ft²
|
-
-
|
Denise D'Angelo
Century 21 On Target
| |
|
04/30/2022
|
2 Bed
|
1 Bath
|
860 ft²
|
$470,000
2 Bed
1 Bath
860 ft²
|
-
-
|
Denise D'Angelo
Century 21 On Target
| |
|
05/26/2018
|
1 Bed
|
1 Bath
|
549 ft²
|
$289,000
1 Bed
1 Bath
549 ft²
|
$285,000
-1.38%
06/29/2018
|
Max Ortiz
Realty One Group West
|
Building Info
About Eastside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017