2621 Nelson Avenue
About This Property
This cute little beach bungalow has original hard wood floors throughout with a charming original kitchen all set with washer and dryer hookups inside as well! The 2 bedrooms are good sizes with ample closet space and a flood of natural light fills the home! Ceiling fan present in Living Room to cool down during the summer, or open the windows to feel those ocean breezes...with a quaint and cozy fireplace for those cold winter nights!
Bathroom has been updated and remodeled as well. The backyard boasts endless possibilities!! So large with 3 storage units built out by the past owner....one has been converted into a workshop as well....
Walking distance to coffee shops and restaurants on Artesia, close to freeway access and Beach Cities....and let's not forget the Award Winning Redondo Beach School District! Build now or build your Dream Home later!!
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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 |
|---|---|---|---|
| Mar 12, 2019 | Sold | ||
| Sold | |||
| Feb 20, 2019 | Listed by Redfin Corporation | $849,000 | |
| Listed by Redfin Corporation | |||
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About North Redondo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017