$700,000
●
House -
Off Market
3721 Lemon Avenue
Long Beach, CA 90807
2 Beds
2 Baths
1,006 Ft²
$1,026,378
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
Welcome Home! This beautifully remodeled, turnkey Spanish-style
home in historic Cal Heights is gracious and charming. Located on
tree-lined Lemon Avenue just south of Bixby Avenue, this 2 bedroom,
2 bathroom home features a bonus 1/2 bath located in the outdoor
artist's cottage. This darling home has an open floor plan, master
suite, outdoor dining patio and a outdoor artist cottage with half
bath. Some of many upgrades include: kitchen remodeled with
quartz counters, new cabinets and Viking stove, newer
electrical, newer plumbing, central heat and air conditioning,
newer main sewer line, both bathrooms remodeled and upgraded, newer
patio, driveway and garage floor redone, insulation installed and
more! Sought after location in walk-able Cal Heights and Bixby
Knolls, near 405 & 710 freeway, excellent schools, grocery stores
like Trader Joe's, and restaurants and breweries like Steelcraft.
Unit Size
1,006 Ft²
Days on Market
22 days
Land Size
0.11 acres
Price per sqft
$696
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1927
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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: 4 months ago (CRMLS #RS19163485)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2019 | Sold | ||
| Sold | |||
| May 30, 2019 | Listed by GE Dean and Associates | $700,000 | |
| Listed by GE Dean and Associates | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About California Heights
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Listed by: Eileen Rivera, GE Dean and Associates
Last Updated: 4 months ago
Data Source: CRMLS, MLS# RS19163485
Last Updated: 4 months ago
Data Source: CRMLS, MLS# RS19163485
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