$630,000
●
House -
Off Market
3600 Cerritos Avenue
Long Beach, CA 90807
2 Beds
1 Bath
1,065 Ft²
$983,908
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
A charming California Bungalow located in the highly sought after
historic neighborhood of California Heights. This home has all the
character and warmth that you would expect a home of this era to
possess. Sit back and enjoy the neighborhood on the inviting front
porch. Warm hardwood floors throughout, plentiful mill work, French
paned windows and doors and built-in shelves and display cabinets.
Living room is accented by a large picture window, a full wall of
shelves and cabinets and a wood burning fireplace. The large formal
dining room features a bay window and yet another full wall of
storage and display cabinetry. The light filled classic kitchen is
punctuated by an O'Keefe & Merritt gas stove, garden window over
the sink and a French paned door leading to the rear yard. The
period style bath has art deco tile, clay foot tub and a pedestal
sink. The 1 car garage houses the laundry facility. This home is
serviced by air-conditioning and forced air heat.
Unit Size
1,065 Ft²
Days on Market
59 days
Land Size
0.09 acres
Price per sqft
$581
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1924
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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: 5 months ago (CRMLS #PW17194684)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2017 | Sold | ||
| Sold | |||
| Aug 22, 2017 | Listed by Re/Max R. E. Specialists | $619,000 | |
| Listed by Re/Max R. E. Specialists | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
Price/ft²
Price/ft²
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Sold On
Sold On
HOA + Taxes
About California Heights
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Listed by: Lewis Ebersole, Re/Max R. E. Specialists
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW17194684
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW17194684
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