260 Orizaba Avenue
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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%.
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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 |
|---|---|---|---|
| Oct 29, 2022 | No longer available | - | |
| No longer available | |||
| Sep 8, 2022 | Price Decreased |
$999,000
↓ $66K
(6.2%) | |
| Price Decreased | |||
| Aug 19, 2022 | Price Decreased |
$1,065,000
↓ $30K
(2.7%) | |
| Price Decreased | |||
| Jul 24, 2022 | Listed by Engel & Volkers Long Beach | $1,095,000 | |
| Listed by Engel & Volkers Long Beach | |||
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Turnkey Two Story California Chic home situated in a prime location in Exclusive Historic Bluff Heights neighborhood. FOUR BLOCKS TO THE OCEAN! Enter through the inviting front porch where people actually sit and visit with passer by neighbors. A new handmade custom solid wood deco style door with glass accents made by a local artisan. The outdoor front and private yard are California drought resistant and a variety of colorful blooming succulents exists. (not in bloom currently but still incredibly beautiful) First floor features open floor plan with spacious living room and large dining room; a remodeled kitchen (granite counters, glass tile back splash); a downstairs 1/2 bath powder room; and slider doors leading to the inviting and private patio with retractable awning with minimal and California for seamless indoor/outdoor living and entertaining. Decking is throughout but broken up in an artistic way with several types of venues including built in bench seating for many enjoyable functions. The plants in the private area are also mostly drought resistant. Upstairs are 2 bedrooms and a remodeled bath with spa tub. One bedroom has a large closet with built-in wardrobe organizer. The other bedroom has a built in office desk and dresser unit. There is also a drop down Murphy Bed for guests , a closet, plus easy access to additional large attic closet for more storage. Gorgeous hardwood floors upstairs and down, ceramic tile in kitchen and powder room and vinyl plank in upstairs bath. Plantation shutters throughout. The owner upgraded the heat and AC with a downstairs installation of ductless Fitjitsu heater and AC unit. The entire foundation was earthquake retrofitted this year. There is a single garage with laundry washer and dryer, plus room to park a 2nd car in front of the garage. Fabulous location, just blocks from many restaurants, shops, entertainment, as well as the LB Museum of Art, beach, parks and Retro Row. Ideally situated between Belmont Shore and Downtown LB, This neighborhood is unique with it's own energy of a real neighborhood with great walk about and access to your needs including Olives Gourmet Groceries, independent hardware store, independent pharmacy, dry cleaners, dog grooming etc., with lots of restaurants and various retail shops. Walk Score is 89 and Bike Score is 88! Long Beach between OC and LA, with easy access to many freeways and public transportation. Price Improvement ! The manager has listed the unit size as 1294 square feet.
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| Oct 4, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017