$400,000
●
House -
Off Market
345 E Marker Lane
Long Beach, CA 90805
2 Beds
1 Bath
809 Ft²
$587,931
RealtyHop Estimate
46.98%
Since Jun 1, 2019
CA-Los Angeles
Primary Model
About This Property
This is a distressed house on a uncharacteristically large lot for
the area. There is access from both sides of the lot and from two
different streets. Edison states that the telephone pole can
be removed at owners cost if open yard space is desired or they
will pay for it to be removed if the expansion of the house
displaces the pole. (Plans must be approved by the city). Buyer to
verify with the city and Edison as to this claim. The lot is zoned
for a single family dwelling. The lot is not big enough to be
subdivided. The buyer is to inquire if a ADU or other highest
and best use is possible with the building and planning department
of Long Beach. No work will be done and no request for repairs will
be approved by the executor or their agents. This sale does not
require court confirmation and can close quickly. Please send
your highest and best offer as all offers WILL NOT be considered
for a counter offer.
Unit Size
809 Ft²
Days on Market
83 days
Land Size
0.26 acres
Price per sqft
$494
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1939
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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 #PW19046501)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2019 | Sold | ||
| Sold | |||
| Mar 1, 2019 | Listed by Beach Cities Properties, Inc. | $400,000 | |
| Listed by Beach Cities Properties, Inc. | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Freeway Circle
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Listed by: Jack Tanner, Beach Cities Properties, Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19046501
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19046501
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