2516 Easy Avenue
About This Property
Upon entry you are welcomed by the light-filled living room, featuring elegant wood floors, a faux fireplace, wood detailing, and a unique tray ceiling. The living area seamlessly transitions into the formal dining room through a stunning archway, creating a perfect flow for entertaining.
The original kitchen, complete with tiled floors and newer appliances, offers backyard views, adding a delightful touch to meal preparation. There is a separate inside laundry area adjacent to the kitchen. Both bedrooms are spacious and versatile providing plenty of personalization options.
Outside, the expansive backyard presents endless possibilities with its low-maintenance landscaping and multiple mature and well-maintained fruit trees. A two-car garage with alley entrance adds practicality to the property. Conveniently located near freeway access, thriving small businesses, local dining spots, shopping, and three parks, including Silverado Park with its popular skatepark, and the Admiral Kidd Park spanning over 12.29 acres, this home offers an ideal blend of comfort and convenience.
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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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by Compass | $738,500 | |
| Listed by Compass | |||
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About West Long Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017