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3442 Gardenia Avenue
About This Property
The main living space opens up to a unique backyard that allows for year-round outdoor living. The backyard features a large custom deck with a composite covering, built-in BBQ, mini-fridge and fire pit allowing plenty of space for al fresco dining and endless entertaining. The grass area with a custom putting green, vegetable and herb garden space, and mature banana trees complete the private outdoor oasis that make this house a dream!
Detached from the main house is a two-car garage with built in cabinetry for abundant storage. Next to the garage, you will find a private, spacious studio with its own ¾ bath, great for an office, home gym or guest quarters. There is also a secured bonus parking space and outdoor storage shed.
The home is located on a beautiful tree-lined street in a charming part of Long Beach, within walking distance to shops, restaurants, and parks.
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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 |
|---|---|---|---|
| Apr 16, 2021 | Sold | ||
| Sold | |||
| Mar 16, 2021 | Listed by BerkshireHathaway HomeServices | $859,000 | |
| Listed by BerkshireHathaway HomeServices | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017