$1,149,000
●
House -
Off Market
265 Termino Avenue
Long Beach, CA 90803
3 Beds
2 Baths
1,644 Ft²
$1,832,255
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Welcome to this 1921 Belmont Heights Craftsman style with a
modern-day use of space and amenities. In 2008 500 sq. ft. was
added
to the home and another 512 sq. ft. for a new garage. Featuring an inviting porch, beautiful living room with fireplace, hardwood
floors and adjacent dining area. Open gourmet kitchen with granite counter tops, stainless steel appliances, travertine tile, wine,
fridge, pantry, and center island that seats up to four. Family room off kitchen has tv, surround sound speakers, through out the home
and yard area. French doors lead to sun deck with Sunbrella fabric. Nice size master bedroom with walk in closet, large master bath with Jacuzzi
tub, double sinks and walk in shower. There is two additional bedrooms and a full central bath that is remodeled. The drive through garage is accessible from both the driveway and alley, wall to wall cabinets, separate area with sink and cleaning station. The yard is an entertainers delight with a BBQ, bar, seating area round fire pit, above ground spa surrounded by drought tolerant landscaping, garden fountain and lighting. This is a beautiful home in a great neighborhood. Seller prefers 30 day escrow with 30 day rent back.
to the home and another 512 sq. ft. for a new garage. Featuring an inviting porch, beautiful living room with fireplace, hardwood
floors and adjacent dining area. Open gourmet kitchen with granite counter tops, stainless steel appliances, travertine tile, wine,
fridge, pantry, and center island that seats up to four. Family room off kitchen has tv, surround sound speakers, through out the home
and yard area. French doors lead to sun deck with Sunbrella fabric. Nice size master bedroom with walk in closet, large master bath with Jacuzzi
tub, double sinks and walk in shower. There is two additional bedrooms and a full central bath that is remodeled. The drive through garage is accessible from both the driveway and alley, wall to wall cabinets, separate area with sink and cleaning station. The yard is an entertainers delight with a BBQ, bar, seating area round fire pit, above ground spa surrounded by drought tolerant landscaping, garden fountain and lighting. This is a beautiful home in a great neighborhood. Seller prefers 30 day escrow with 30 day rent back.
Unit Size
1,644 Ft²
Days on Market
41 days
Land Size
0.15 acres
Price per sqft
$699
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1921
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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: 4 months ago (CRMLS #PW17161794)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2017 | Sold | ||
| Sold | |||
| Jul 19, 2017 | Listed by Main Street Realtors | $1,149,000 | |
| Listed by Main Street Realtors | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Sold On
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HOA + Taxes
About Belmont Heights
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Listed by: Jean Shapen, Main Street Realtors
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17161794
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17161794
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