371 Molino Avenue
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 25, 2020 | No longer available | - | |
| No longer available | |||
| Oct 8, 2020 | Listed by Engel & Volkers Long Beach | $979,000 | |
| Listed by Engel & Volkers Long Beach | |||
| | |||
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Welcome to 371 Molino Ave! This delightful coastal, crafsman home has been beautifully remodeled and upgraded to perfection! Yet, the home wonderfully maintains its historic charm and appeal. The home features original hardwood flooring; open-concept layout showcasing a fully-remodeled designer kitchen including top of the line appliances, custom cabinetry, and stone countertops; thoroughly remodeled bathroom with a dual-vanity, designer fixtures, and spacious layout; brand new central AC/heat system; brand new energy-efficient windows throughout; electrical and plumbing systems thoroughly upgraded within the past year; BRAND NEW ROOF installed this year; and a backyard so vast you cant even imagine that kind of space still exists in the city. Turn Key condition, three blocks from the ocean and in the lovely historic neighborhood of Carrol Park, this property is truly a gem! The manager has listed the unit size as 1464 square feet.
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| May 24, 2017 | Sold | ||
| Sold | |||
| Apr 9, 2017 | Listed by Beach Equities | $714,900 | |
| Listed by Beach Equities | |||
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About Eastside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017