$878,000
●
House -
Off Market
3615 Lewis Avenue
Long Beach, CA 90807
3 Beds
2 Baths
1,747 Ft²
$1,216,552
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model
About This Property
This majestic California Heights Spanish hacienda is loaded with
original character & charm that harkens back to an early
Californian rustic aesthetic. Enter through a gated courtyard with
mature foliage, avocado tree and potted oranges. Spacious living
room with wide expanse of French paned windows, pegged oak hardwood
floors, barrel ceiling & fireplace w/ original Batchelder tile
hearth & surround. Formal dining room overlooks courtyard features
a wrought iron chandelier and ceiling with egg & dart plaster
molding. Beautiful kitchen with restored original cabinetry updated
w/ an antiqued striated finish, textured glass cabinet fronts,
marble countertops & stainless steel appliances. Breakfast room
with glass paned doors leading to courtyard & flanked by built-in
display shelves & cabinets. Bedrooms are generously sized with
hardwood floors & walk-in closets. Incredible original Art Deco
bath with step-up tub, wall sconces & vanity sink. Additional 3/4
bath has been remodeled with period-perfect shower tile & pedestal
sink. Rear yard has an inviting pool, entertaining patio and
landscaped with agave, succulents & towering palms.
Unit Size
1,747 Ft²
Days on Market
51 days
Land Size
0.15 acres
Price per sqft
$457
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1935
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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 #PW18057824)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 3, 2018 | Sold | ||
| Sold | |||
| Mar 13, 2018 | Listed by Re/Max R. E. Specialists | $799,000 | |
| Listed by Re/Max R. E. Specialists | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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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# PW18057824
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18057824
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