Listed by: Alvin Mullins, Your Home Team Real Estate
$950,000
●
House -
Off Market
3626 Olive Avenue
Long Beach, CA 90807
2 Beds
1 Bath
1,261 Ft²
$4,739
Est. Monthly
About This Property
Welcome to this beautiful craftsman style home in the highly
desirable California Heights Historic District. This charming home
is move-in ready and features 2 bedrooms with a formal dining room
and bonus room, original oak hardwood floors, new interior and
exterior paint, large paned windows with lots of natural light
throughout and a fireplace in the oversized living room. The formal
dining room is next to the kitchen and bonus room that leads to the
very large backyard and multiple brick patios. The two car garage
detached garage has an extension that could be a workshop or
storage room. There are lots of possibilities for an ADU, pool, RV
parking, etc. The nearby schools are California Distinguished
Longfellow Elementary and high-ranking Hughes Middle School. The
home is close to shopping, freeways, multiple parks, Bixby Knolls
and multiple golf courses.
Unit Size
1,261 Ft²
Days on Market
63 days
Land Size
0.15 acres
Price per sqft
$765
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1939
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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: 2 years ago (CRMLS #RS24252759)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2025 | Sold | ||
| Sold | |||
| Jan 20, 2025 | Listed by Your Home Team Real Estate | $965,000 | |
| Listed by Your Home Team Real Estate | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About California Heights
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Listed by: Alvin Mullins, Your Home Team Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# RS24252759
Last Updated: 2 years ago
Data Source: CRMLS, MLS# RS24252759
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