Listed by: Tracy Sturm, Re/Max R. E. Specialists
$1,062,000
●
House -
Off Market
3900 Chestnut Avenue
Long Beach, CA 90807
3 Beds
2 Baths
2,203 Ft²
$5,353
Est. Monthly
About This Property
Location! Location! Location! Great opportunity to own a home in
the highly sought after neighborhood of Los Cerritos. This 1941
built home has unique features and architecture and is sitting on a
large corner lot. It has so much potential and has recently been
painted inside and ready for your personal imprint to make it your
own. The kitchen was remodeled with a breakfast island, there are
solar panels, a three car garage, separate laundry room and
enclosed private side yard and patio. The home was expanded over
time and the additions reflect the eras the additions were
completed. The primary suite had two closets and a private bathroom
with walk-in shower. There is a rumpus room/den separating the
front of the home from the primary suite with attached
office/retreat. This home is actually permitted as 4 bedrooms,
however one bedroom is accessed through the primary bedroom that
makes a great study or office. Bring your creativity and create
your dream home in this lovely Long Beach neighborhood that is
conveniently situated close to freeways, shopping, parks and
restaurants.
Unit Size
2,203 Ft²
Days on Market
49 days
Land Size
0.15 acres
Price per sqft
$495
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1941
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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: 3 years ago (CRMLS #PW24159017)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2024 | Sold | ||
| Sold | |||
| Sep 4, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Relisted | $1,090,000 | |
| Relisted | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by Re/Max R. E. Specialists | $1,090,000 | |
| Listed by Re/Max R. E. Specialists | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Los Cerritos
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Listed by: Tracy Sturm, Re/Max R. E. Specialists
Last Updated: 3 years ago
Data Source: CRMLS, MLS# PW24159017
Last Updated: 3 years ago
Data Source: CRMLS, MLS# PW24159017
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