Listed by: Andrew English, Congress Realty, Inc
$610,000
●
Land -
Off Market
317 Flint Ave
Long Beach, CA 90814
Studio
0 Bath
$3,187
Est. Monthly
About This Property
The lot is the same size as the two newer homes on either side are
on, as well as all the homes north to Colorado St. There is NO HOA.
The lot has been fully prepped- compacted & graded, sewer, water,
gas & underground utilities on site to suit your development needs.
The term "shovel ready" is often misused, but in this case, it is
as close as it gets. At the current $250-350 per sq.ft., you have
the potential to build your dream home (depending on your choices)
for LESS than buying someone's VERY OLD house. For all building,
permits and zoning questions please refer to the City of Long
Beach, department of Building and Safety. For reference, the two
8x10 vinyl sheds that are on the property and included. Currently
nowhere in today's Long Beach's beach community can you find such a
great opportunity. Wonderful schools & neighbors!! Enjoy life at
the beach w/o the congestion.
Unit Size
-
Days on Market
398 days
Land Size
0.07 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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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: 2 years ago (CRMLS #240002725SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Relisted | $649,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Feb 6, 2024 | Listed by Congress Realty, Inc | $649,000 | |
| Listed by Congress Realty, Inc | |||
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About SEADIP
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Listed by: Andrew English, Congress Realty, Inc
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240002725SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240002725SD
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