385 Walnut 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.
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 |
|---|---|---|---|
| Mar 31, 2024 | No longer available | - | |
| No longer available | |||
| Mar 28, 2024 | In contract | - | |
| In contract | |||
| Feb 15, 2024 | Listed by Compass | $850,000 | |
| Listed by Compass | |||
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Introducing 385 Walnut Avenue, a delightful 3-bedroom, 2-bathroom home nestled in the Alamitos Beach neighborhood of Long Beach, CA. Boasting 1246 square feet of comfortable living space on a generous 3014 square foot lot, this residence offers a warm and inviting atmosphere. The interior features a formal dining room, complemented by gleaming hardwood floors and the convenience of air conditioning and heating. With the added convenience of a laundry area with washer, dryer and private gated parking, this home effortlessly combines practicality with comfort. Step outside to your own private outdoor space, perfect for enjoying the beautiful Southern California weather, all enclosed by a secure fence for added privacy. This home is ideally situated approximately 1/2 mile from the beach, offering the allure of coastal living just minutes from the ocean. Enjoy easy access to the renowned Long Beach Aquarium, the vibrant Long Beach Pier, the charming Shoreline Village, the historic Queen Mary, and the bustling Downtown Long Beach. Whether you're seeking a peaceful retreat or a place to entertain, this home offers the perfect blend of comfort, convenience, and coastal charm. Don't miss the opportunity to make this lovely Long Beach residence your own. The manager has listed the unit size as 1246 square feet.
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| Nov 18, 2023 | No longer available | - | |
| No longer available | |||
| Nov 17, 2023 | Relisted | $909,000 | |
| Relisted | |||
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About Franklin School
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017