3561 Ely Avenue
About This Property
The kitchen is a standout with its sleek flat panel cabinets, luxury stove, and convenient pot filler, while custom wall accents add a touch of sophistication to the living areas. and primary bedroom The primary bedroom includes an ensuite bath with custom arched shower and custom glass enclosure
Located in the Long Beach Unified School District, this home benefits from School of Choice options and is just blocks away from Newcomb Academy, ranked #2 in Long Beach. Additionally, its prime location allows for requests to attend schools in the highly-regarded Los Alamitos School District.
Conveniently situated near local amenities, parks, and transportation.
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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 |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 11, 2024 | Listed by Re/Max College Park Realty | $947,000 | |
| Listed by Re/Max College Park Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017