1
Map
$850,000
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House -
Off Market
3357 Lees Avenue
Long Beach, CA 90808
3 Beds
1 Bath
1,368 Ft²
$1,299,438
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
Designed by renowned architect Cliff May, this stylish midcentury
modern home in the Long Beach Rancho Estates features an open floor
plan, clerestory windows, open beam ceilings, indoor/outdoor flow
and abundant natural light. The home was expanded to create a more
spacious living/dining area, and the kitchen has been opened to the
living room for greater sense of space and enhanced sight lines.
Numerous upgrades to the home include a newer composition shingle
roof with 2" foam insulation, a newer HVAC system, expanded master
bedroom closets, and cork flooring throughout most of the
residence. This property has one of the larger lots in the Rancho
Estates at almost 7,000 square feet, and is located in a quiet
interior location in a charming neighborhood characterized by
tree-lined streets, iconic midcentury architecture, a strong sense
of community, and close proximity to 800 acre El Dorado Park and
Nature Preserve. Come and experience what makes Cliff May homes
some of the most sought after residences in Southern California.
Unit Size
1,368 Ft²
Days on Market
51 days
Land Size
0.16 acres
Price per sqft
$628
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 #PW18180120)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2018 | No longer available | - | |
| No longer available | |||
| Sep 14, 2018 | Sold | ||
| Sold | |||
| Aug 21, 2018 | Listed | $859,000 | |
| Listed | |||
| | |||
|
Designed by renowned architect Cliff May, this stylish midcentury modern home in the Long Beach Rancho Estates features an open floor plan, clerestory windows, open beam ceilings, indoor/outdoor flow and abundant natural light. The home was expanded to provide a more spacious living/dining area, and the kitchen has been opened to the living room to create a greater sense of space and enhanced sight lines. . for greater connection to the great room. Numerous upgrades to the home include a newer composition shingle roof with 2” foam insulation, a newer HVAC system, expanded master bedroom closets, and cork flooring throughout most of the house. This charming residence is located in a quiet interior location within the desirable Rancho Estates tract, which a characterized by mature trees, iconic midcentury architecture, a strong sense of community, and close proximity to 800 acre El Dorado Park and Nature Preserve. Come and experience what living in a Cliff May designed home has to offer. The manager has listed the unit size as 1368 square feet.
| |||
| Jul 25, 2018 | Listed by Re/Max R. E. Specialists | $859,000 | |
| 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
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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# PW18180120
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW18180120
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