$925,000
●
House -
Off Market
2729 Ostrom Avenue
Long Beach, CA 90815
5 Beds
4 Baths
2,506 Ft²
$1,467,295
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model
About This Property
This crisp and clean Cape Cod inspired 5 bedroom home offers a
unique opportunity in one of East Long Beach's most desirable
neighborhoods. The home features a two story design that maximizes
square footage while maintaining a large private yard. The lower
level is highlighted by solid hardwood floors and offers two
spacious living spaces both with fireplaces, a dedicated laundry
room, two bathrooms, and the luxury of two ground floor bedrooms.
Kitchen with wood cabinetry, Sile Stone quartz counters, and
stainless steel appliances. Upstairs are two bedrooms connected by
a Jack and Jill bathroom and a master suite which includes a walk
in closet and en-suite bathroom with stone floors, marble shower
with frameless glass enclosure, and upgraded fixtures. Other
features include dual pane windows, newer composition roof, and 2
car garage with long driveway. Conveniently located close to El
Dorado Park which has so much to offer including a serene Nature
Center, Library, extensive trails for walking and biking, and
excellent golf and tennis facilities.
Unit Size
2,506 Ft²
Days on Market
65 days
Land Size
0.13 acres
Price per sqft
$369
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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 #PW17222421)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 29, 2017 | Sold | ||
| Sold | |||
| Sep 25, 2017 | Listed by Re/Max R. E. Specialists | $925,000 | |
| Listed by Re/Max R. E. Specialists | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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Sold On
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HOA + Taxes
About East End
Similar Homes for Sale
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Listed by: Blake Nicolai, Re/Max R. E. Specialists
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17222421
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17222421
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