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3721 Falcon Avenue
About This Property
Lovingly restored to honor its 1931 Spanish Colonial roots, every detail of this California Heights home feels like a thoughtful nod to timeless craftsmanship while offering the comfort and convenience of modern living. From the moment you arrive, the beautifully landscaped front yard, lush lawn, tiled patio, and tranquil water feature set the tone for what's waiting inside.
Sweeping archways, rich wood floors, and abundant natural light create a warm, inviting atmosphere that feels both elegant and effortlessly livable. The living room is anchored by a striking fireplace that's ready for cozy evenings, while the spacious dining room-complete with a statement chandelier-makes everything from weeknight dinners to holiday celebrations feel a little more special.
The galley kitchen pairs classic style with everyday function, featuring stainless steel appliances, granite countertops, generous cabinetry, and a charming breakfast nook that's just waiting to become the backdrop for slow weekend mornings, coffee catch-ups, or a sunny spot to tackle the day's to-do list.
Three well-sized bedrooms provide comfortable retreats, including a private ensuite, while a second full bathroom serves family and guests with ease. Just beyond the backyard, a versatile bonus space offers endless possibilities as a home office, workout room, creative studio, or the flex space you've always wanted.
Outside, the magic continues. Stone walkways wind through thoughtfully designed landscaping, custom lighting transforms evenings into something special, and the patio with a jacuzzi creates the perfect setting to unwind after a long day or host friends under the stars. A built-in irrigation system, fresh exterior paint, air conditioning, and the rare advantage of a desirable street-to-alley lot make this home as practical as it is beautiful.
All of this is just moments from shopping, dining, local parks, Long Beach Airport, and easy access to the 405 and 710 freeways-putting everything you need within reach while giving you every reason to linger at home just a little longer.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Price Decreased |
$1,275,000
↓ $20K
(1.5%) | |
| Price Decreased | |||
| Jul 14, 2026 | Listed by eXp Realty of California, Inc | $1,295,000 | |
| Listed by eXp Realty of California, Inc | |||
Property Highlights
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About California Heights
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