3639 Orange Avenue
About This Property
The property also offers a large lot with a long driveway and a private backyard that has already been fenced off and professionally landscaped, perfect to enjoy the California weather and entertain the kids or family and friends.
Talking about its large lot, please check with the city for its potential for an Accessory Dwelling Unit (ADU) for additional income or multi generational living as a mother in law suite. Because this home has a detached 2-car garage and access to the rear street, it would be perfect if it could be converted into an ADU. Imagine a front and back unit with their own separate driveways.
Located in the heart of Long Beach, this beauty is just minutes away from the 405 and 710 freeways, Target, shopping centers, grocery stores, restaurants, and more. Don't miss out, schedule your showing today!
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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 |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $999,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017