$600,000
●
House -
Off Market
3531 Faust Avenue
Long Beach, CA 90808
2 Beds
1 Bath
1,009 Ft²
$916,020
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
Turnkey 2 bedroom plus an office home in the Plaza and in the
highly sought after award winning Patrick Henry School District!
Absolutely gorgeous property on a quiet tree lined street
with many improvements throughout. Enjoy the open concept
living area that greets you upon entering the home with a stone
fireplace, recently renovated kitchen with granite counters,
stainless appliances and a breakfast bar. All appliances remain
with the home including the washer and dryer. A large permitted
enclosed patio adds over 450 more square feet of living space.
It was previously used as a formal dining area and sitting
room. Stylishly renovated bath, custom built-in china hutch,
recently refinished hardwood floors, crown molding, Ring doorbell,
dual pane windows, central air and heat. Great backyard space
for entertaining and relaxing by the built-in fire pit. This home
is a 10++ and in a prime Plaza location close to parks, schools,
golfing, freeways, shopping, and restaurants.
Unit Size
1,009 Ft²
Days on Market
49 days
Land Size
0.11 acres
Price per sqft
$619
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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 #RS19169620)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2019 | Sold | ||
| Sold | |||
| Aug 8, 2019 | Listed by Nationwide Real Estate Execs | $625,000 | |
| Listed by Nationwide Real Estate Execs | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 11, 2018 | Listed | $646,000 | |
| Listed | |||
| | |||
|
Lakewood Plaza Beauty in the sought after Award Winning Patrick Henry School District. This home features 3 bedrooms and 1 bath located on a quiet tree lined street. This home has a beautiful brick gas fireplace, crown molding, newly renovated kitchen, renovated bath, central AC, and video doorbell, to name a few of the many many upgrades . The home's layout makes it inviting. Seller has a large permitted enclosed patio which gives the home an additional 400 square feet of living space. Great backyard space for entertaining and relaxing, with a built in gas fire pit. Great location close to parks, malls, freeways and shopping. Move in ready and wont last long. The manager has listed the unit size as 1409 square feet.
| |||
| Sep 2, 2017 | Listed | $599,900 | |
| Listed | |||
| | |||
|
Lakewood Plaza Beauty features 3 bedrooms and 1 bath located on a quiet street. Beautiful brick fireplace with a large living area. The open kitchen has granite breakfast counter with bar stools. Seller has permitted an enclosed patio of an additional 400 square ft. Great backyard space with built in gas firepit perfect for entertaining. Great location close to parks, golf course, malls and shopping. Move In Ready. The manager has listed the unit size as 1409 square feet.
| |||
Property Highlights
Parking Available
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: Oriana Shea, Nationwide Real Estate Execs
Last Updated: 4 months ago
Data Source: CRMLS, MLS# RS19169620
Last Updated: 4 months ago
Data Source: CRMLS, MLS# RS19169620
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