$631,000
●
House -
Off Market
3501 Olive Avenue
Long Beach, CA 90807
3 Beds
1 Bath
1,209 Ft²
$953,022
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model
About This Property
California Heights home with historical designation. Charming
traditional home on a corner lot that sits on a beautiful mature
tree lined street. Features include original hardwood floors,
a fireplace, ceiling detail and beams. The rear yard offers
plenty of space to let your green thumb go with a a flat planter
bed and a raised slate stone planter. The expanded 2 car
garage offers a large area that would be the perfect workshop or
great for storage. In addition, there is a large laundry room
with shelves and a utility sink. Upgrades include central
heat and air, newer double pane windows and a roof for house and
the garage. The homes interior and exterior have just been
completely repainted, hardware replaced, new light fixtures and
outlets as well as many additional improvements that will not be on
a buyers to do list. Lastly, prior to close of escrow a new
fence will be installed between the neighboring property.
Don't miss the virtual tour!
Unit Size
1,209 Ft²
Days on Market
47 days
Land Size
0.10 acres
Price per sqft
$521
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1947
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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: 11 months ago (CRMLS #PW18160645)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2018 | Sold | ||
| Sold | |||
| Jul 5, 2018 | Listed by Berkshire Hathaway H.S.C.P. | $630,000 | |
| Listed by Berkshire Hathaway H.S.C.P. | |||
Property Highlights
Air Conditioning
Fireplace
Garage
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 California Heights
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Listed by: Kara Welliver, Berkshire Hathaway H.S.C.P.
Last Updated: 11 months ago
Data Source: CRMLS, MLS# PW18160645
Last Updated: 11 months ago
Data Source: CRMLS, MLS# PW18160645
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