$990,000
●
House -
Off Market
3225 Roxanne Avenue
Long Beach, CA 90808
3 Beds
1 Bath
1,370 Ft²
$1,338,974
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Exceptional care and attention to detail went into the
transformation of this midcentury modern home, designed by renowned
architect Cliff May. The loft style interior features natural open
beam ceilings, polished concrete floors, a smooth coat concrete
fireplace, exposed conduit lighting, and natural wood cabinets and
interior doors. The kitchen is bright and spacious and includes
custom maple cabinetry with Pietra Serena engineered stone
countertops, Fisher & Paykel appliances, and Kohler Purist
Collection fixtures. Modern comforts include insulated Energy Star
compliant roofing, a multi-zone high efficiency mini-split HVAC
system, tankless water heater with Halo water filtration system,
and stainless-steel ceiling fans for enhanced air flow. The
Property sits in a quiet interior location within the celebrated
Rancho Estates neighborhood of East Long Beach. Attributes of the
area include adjacent El Dorado Park and Nature Preserve, featuring
800 acres of paths, fields, lakes, streams, public sports
facilities, and a bike path to the beach. This is quintessential
Southern California living in timeless architecture.
Unit Size
1,370 Ft²
Days on Market
35 days
Land Size
0.12 acres
Price per sqft
$697
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
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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 #PW20090916)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2020 | Sold | ||
| Sold | |||
| May 13, 2020 | Listed by Re/Max R. E. Specialists | $955,000 | |
| Listed by Re/Max R. E. Specialists | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About East End
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Listed by: Douglas Kramer, Re/Max R. E. Specialists
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW20090916
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW20090916
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