$502,500
●
House -
Off Market
2768 Maine Avenue
Long Beach, CA 90806
2 Beds
1 Bath
1,488 Ft²
$840,852
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
This 2 bedroom, 1 bath single family home in Wrigley, Long Beach is
filled with cottage charm. The 1938 bungalow retains its classic
style but has been renovated and updated, and is move in ready. The
spacious floor plan of the over 1400 SF house makes the home
welcoming. The galley kitchen features new bright white cabinets,
quartz and butcher block counters and stainless appliances with
ample storage a space to entertain. The warm wood floors and arched
ceilings add to the character of this property. Attached to the
house is an additional large multi-use room with a fireplace, think
added guest space/yoga/exercise/art studio. Outside features low
maintenance landscape with plenty of trees and curb appeal. The
house offers a converted garage space (not permitted) that can be
used as private guest quarters if desired. This residence is
situated in a convenient location near LB Memorial, great schools
(LB Poly Tech HS, LB State University), and the shops and
restaurants of trendy Downtown Long Beach.
Unit Size
1,488 Ft²
Days on Market
84 days
Land Size
0.12 acres
Price per sqft
$356
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1938
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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: 5 months ago (CRMLS #OC17182620)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2017 | Sold | ||
| Sold | |||
| Aug 8, 2017 | Listed by HOM Sotheby's International | $529,000 | |
| Listed by HOM Sotheby's International | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Wrigley
Similar Homes for Sale
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Listed by: Sean Stanfield, HOM Sotheby's International
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC17182620
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC17182620
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