$915,000
●
House -
Off Market
340 Newport Ave
Long Beach, CA 90814
3 Beds
2 Baths
1,313 Ft²
$1,321,429
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
Enjoy all the craftsmanship that you can only find in a dream home
like this. Beautiful original hardwoods flow throughout this
amazing Craftsman Bungalow located in Belmont Heights just a short
walk to great coffee shops, breweries & restaurants. Less than a
mile to the beach, this home is the perfect location to enjoy
everything this community has to offer. The updated kitchen and
bathrooms compliment the original features perfectly. Sit and enjoy
your new front porch, or cozy next to the fire at night..
Neighborhoods: Belmont Heights Architectural Style:
Craftsman/Bungalow View: Craftsman/Bungalow Equipment:
Dryer, Washer Other Fees: 0 Sewer: Sewer Connected
Topography: LL
Unit Size
1,313 Ft²
Days on Market
99 days
Land Size
0.16 acres
Price per sqft
$712
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1914
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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 (SDMLS #200010020)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2020 | Sold | ||
| Sold | |||
| Feb 10, 2020 | Listed by Pacific Sotheby's Int'l Realty | $935,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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Sold On
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HOA + Taxes
About Belmont Heights
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Listed by: Nick Wright, Pacific Sotheby's Int'l Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 200010020
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 200010020
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