$540,000
●
House -
Off Market
2744 Nipomo Avenue
Long Beach, CA 90815
2 Beds
1 Bath
934 Ft²
$762,726
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model
About This Property
AWESOME OPPORTUNITY in the highly-coveted Plaza neighborhood for
you talented visionaries to remodel & reinvent this wonderful
diamond in the rough! So much potential! This home is ready for
transformation. Nestled on a premium mid-block location on a
charming street lined w/mature Sycamore trees in an interior tract
& close to CA-distinguished, blue-ribbon schools, award-winning
university & the crown jewel El Dorado Park. Expand, reconfigure &
build your custom dream home! First time on the market in five
decades. Priced under market for this very desirable neighborhood
so new owners can choose how they want to bring this fixer &
terrific lot to its fullest potential & make it a real gem.
Original hardwood floors ready to be sanded & polished. Fireplace
in LR. Large bank of windows provides a great infusion of natural
light & overlooks backyard. Kitchen also overlooks backyard.
Separate laundry room w/door to the side/backyard. Bathroom has
separate stall shower. Tankless water heater. Roof appears to be
newer/one layer & some windows appear to have been upgraded. Front,
back & side porches. Side/back yards are outstanding blank
canvasses, ready for how you want to envision the space to best
relax, play & entertain family & friends. Long driveway leads to
attached garage. Leisurely stroll, fun bike ride or quick car ride
to Starbucks, Trader Joe's, Target & other fabulous
shopping/dining, yoga/pilates & parks/golf courses. Convenient fwy
access to LA & Orange County & more!
Unit Size
934 Ft²
Days on Market
42 days
Land Size
0.12 acres
Price per sqft
$550
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 #PW19040554)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Feb 24, 2021 | In contract | - | |
| In contract | |||
| Feb 24, 2021 | Price Increased |
$935,000
↑ $101K
(12%) | |
| Price Increased | |||
| Feb 23, 2021 | No longer available | - | |
| No longer available | |||
| Feb 18, 2021 | Listed | $834,500 | |
| Listed | |||
| | |||
|
This is the home you have been searching for. Ideally situated on a beautiful tree lined street in the highly sought after Plaza south of spring neighborhood of East Long Beach. The owners spared no expense in the meticulous remodel of this mid century gem. (not a flip!) Some features include a brand new 35 year roof, All new Pex plumbing throughout, completely rewired with a new panel to support the new HVAC system. Luxury vinyl flooring, open kitchen with quartz countertops, farmhouse sink and an island as well as brand new matching appliances and custom hood. Recessed lighting, dual pane windows, En suite master with French doors and much more. Working from home? Clear your mind by taking a stroll to the El Dorado nature center, take the kids to the park or even play a round of golf! The manager has listed the unit size as 1457 square feet.
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About East End
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Listed by: Mary Ebersole, Re/Max R. E. Specialists
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19040554
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19040554
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