$820,000
●
House -
Off Market
248 Corona Avenue
Long Beach, CA 90803
2 Beds
1 Bath
889 Ft²
$1,195,059
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model
About This Property
Classic Spanish beach bungalow has been immaculately and lovingly
maintained. Located in the heart of Belmont Shore. This home
is ideal for entertainers. Lovely front yard and porch to enjoy the
ocean breezes. The crown jewel of this home is the living room.
Spacious and light living room features beautiful architectural
details, gorgeous ceilings are curved and large picture window.
Large kitchen with in kitchen dining, gas stove and laundry. Two
bedrooms and one large bathroom. Ample storage. Conveniently
located near the bay, beach, parks, restaurants and shops on 2nd
Street. Private backyard offers grassy area and patio- perfect for
BBQs and relaxing. One car garage. This home is in the highly
desirable, award winning Long Beach School District, close to OC
and LA, convenient freeway access, very walkable with a walkscore
of 79, close to parks, bike lanes, restaurants and shopping.
Unit Size
889 Ft²
Days on Market
60 days
Land Size
0.05 acres
Price per sqft
$888
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924
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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: 5 months ago (CRMLS #PW18196785)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2018 | No longer available | - | |
| No longer available | |||
| Oct 12, 2018 | Sold | ||
| Sold | |||
| Sep 7, 2018 | Listed | $789,000 | |
| Listed | |||
| | |||
| Aug 13, 2018 | Listed by Keller Williams Pacific Estate | $789,000 | |
| Listed by Keller Williams Pacific Estate | |||
Property Highlights
Garage
Fireplace
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
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Listed by: Colleen Low, Keller Williams Pacific Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18196785
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18196785
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