Listed by: Krista Faber-Vento, Compass
$2,549,000
●
House -
Off Market
426 Los Altos Avenue
Long Beach, CA 90814
4 Beds
4 Baths,
1
Half Bath
2,509 Ft²
$12,517
Est. Monthly
About This Property
Stunning Santa Barbara inspired estate located along prime Los
Altos Avenue within the beautiful neighborhood of Alamitos Heights.
Unit Size
2,509 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$1,016
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1949
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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: 2 years ago (CRMLS #PW25000873)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 2, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2024 | Listed by Compass | $2,549,000 | |
| Listed by Compass | |||
| Jul 22, 2023 | No longer available | - | |
| No longer available | |||
| Jun 27, 2023 | In contract | - | |
| In contract | |||
| Jun 5, 2023 | Listed by First Team Real Estate | $1,199,000 | |
| Listed by First Team Real Estate | |||
| | |||
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Location! Location! Location! Welcome to this incredible fixer-upper opportunity in the highly desirable Alamitos Heights neighborhood of Long Beach. This property holds immense potential for those with a creative vision and a passion for transforming homes. Featuring a front house with 3 Bedrooms & 1 Bathroom, this property also includes a detached back Studio with a 3/4 bathroom. This versatile space can be transformed into a guest suite, a home office, an artist's studio, or even possibly a rental unit. While it may require some TLC and renovations, this property truly represents a blank canvas and a chance to customize a home to your personal tastes and needs. Centrally located near Marine Stadium, the Colorado Lagoon, Marina Vista Park and award-winning schools. Don’t miss out!! This is a PROBATE SALE. NO court confirmation is required. The manager has listed the unit size as 1321 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Alamitos Heights
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Listed by: Krista Faber-Vento, Compass
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW25000873
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW25000873
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