318 Eliot Lane
About This Property
As you approach the home, you're greeted by a welcoming front porch, perfect for enjoying morning coffee or an evening breeze. Inside, the home boasts a light-filled open layout, with plenty of windows allowing natural light to pour in, enhancing the airy, spacious feel. The hardwood floors and classic details throughout the living spaces give the home a warm, inviting atmosphere, and the upgraded finishes provide a fresh, modern feel.
The living room offers plenty of room for relaxation, with ample space for comfortable seating. You'll find the kitchen is both practical and stylish, featuring modern appliances, ample counter space, and a convenient layout that makes meal prep a breeze.
The two bedrooms offer plenty of closet space and comfort. The neutral color palette throughout the home makes it easy to personalize, while the original charm provides a timeless backdrop for your personal style.
Step outside, and you'll discover a private backyard, perfect for outdoor living and entertaining. Whether you envision hosting summer barbecues, enjoying quiet evenings under the stars, or creating a peaceful garden retreat, this outdoor space offers endless possibilities.
Location is everything, and this Belmont Heights gem is ideally situated just minutes from some of the best shopping, dining, and entertainment that Long Beach has to offer. Stroll to nearby parks, enjoy a day at the beach, or head downtown for a night out. With highly rated schools, local cafes, boutique shops, and vibrant cultural attractions all within reach, this home provides an unbeatable location for those who want to experience the best of Long Beach living.
Don't miss the opportunity to own this beautiful home in one of Long Beach's most desirable neighborhoods. With its perfect blend of charm, character, and modern upgrades, this Belmont Heights gem is sure to sell quickly.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Dec 4, 2024 | Listed by First Team Real Estate | $900,000 | |
| Listed by First Team Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017