$650,000
●
House -
Off Market
3940 Lemon Avenue
Long Beach, CA 90807
2 Beds
1 Bath,
1
Half Bath
1,816 Ft²
$1,207,411
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model
About This Property
PRICE Reduction. Location, Location. A beautiful spacious
home in a Bixby Knolls premier neighborhood. Wonderful floor plan
perfect for entertaining. Enter into a large foyer with coat
closet, formal dining room with crown molding and hardwood floors
throughout. Enjoy the spacious living room that features a wood/gas
fireplace, vibrant lighting with newer windows and plantation
shutters, overlooking the covered lanai with beautiful wood beams
that can be accessed from the kitchen and living room. The extra
large bedrooms have ample closet space. The sun filled kitchen
includes a walk-in pantry and breakfast nook. The 4 car
driveway leads to a 2 car garage that has a workbench and attic
storage. The home has Central AC and ceiling fans in living room
and bedrooms. The home exudes storage & original beauty in every
room. Close to Longfellow Elementary, Hughes Middle School and
Bixby Knolls First Fridays, restaurants, wine bars, and shops.
Unit Size
1,816 Ft²
Days on Market
57 days
Land Size
0.15 acres
Price per sqft
$374
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
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Cap Rate Calculator
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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 #PW15101689)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2015 | Sold | ||
| Sold | |||
| May 12, 2015 | Listed by Keller Williams Pacific Estate | $679,900 | |
| Listed by Keller Williams Pacific Estate | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
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 Bixby Knolls
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Andrea Testa, Keller Williams Pacific Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW15101689
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW15101689
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