$672,000
●
House -
Off Market
3569 Falcon Avenue
Long Beach, CA 90807
2 Beds
2 Baths
1,572 Ft²
$998,131
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
See this quintessential Long Beach Home! The main house is situated
in the rear of the property freeing up plenty of garden space.
Ideal property to build an Accessory Dwelling Unit (grandma
cottage) in the front. This home features a mini-split air
condition/heating units for each individual room. Home is
located in the historical district. Fencing around the entire
perimeter giving a true sense of privacy. It features 2
bedrooms 2 baths with walk in closets and a storage room/office
area. The property has been rehabbed with many features; new
kitchen, bathrooms, laminate floors, appliances, tank less water
heater, new roofing shingles, updated plumbing and electrical.
The long drive way has been repaved and could fit up to 6
cars or more! Hurry and don't miss this great opportunity to
buy this jewel of a house! Close to quaint restaurants and
shopping.
Unit Size
1,572 Ft²
Days on Market
84 days
Land Size
0.15 acres
Price per sqft
$432
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1927
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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 #PW19076297)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2019 | Sold | ||
| Sold | |||
| Apr 4, 2019 | Listed by Berkshire Hathaway H.S.C.P. | $679,000 | |
| Listed by Berkshire Hathaway H.S.C.P. | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
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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: Rose Alvarez, Berkshire Hathaway H.S.C.P.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19076297
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19076297
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