$685,000
●
House -
Off Market
4505 E 4th Street
Long Beach, CA 90814
3 Beds
2 Baths
1,250 Ft²
$1,080,909
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
Incredible opportunity and location. Enjoy relaxing on your
fantastic porch. Home features 3 large bedrooms 2 baths - One
bathroom is a Jack and Jill bath. Spacious living room and dining
room, with exquisite woodwork, perfect for entertaining or quiet
nights in. Beautiful hardwood floors. Parking for three cars on the
driveway plus one in the garage. Inside laundry room/storage pantry
off the kitchen. Huge oversized pool ready backyard with orange,
lemon, fig, kumquat, avocado, peach, great oak and cedar trees.
Basement is perfect for storage, hobby or art studio. Newer
electrical wiring. New water heater. The house has a basement with
approximately 325 sf of ~8' tall storage space plus the crawl
space below the rest of the house. Zoned R3T - (allows 2 attached
units - buyer to verify with the city) Near the restored Colorado
lagoon, hiking trail, Belmont Shore, Cal State Long Beach, hip arts
restaurant district, award winning Long Beach school district and
centrally located to OC/LA counties with convenient freeway access.
Unit Size
1,250 Ft²
Days on Market
54 days
Land Size
0.14 acres
Price per sqft
$591
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1919
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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: 5 months ago (CRMLS #PW19245052)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 9, 2019 | Sold | ||
| Sold | |||
| Oct 16, 2019 | Listed by Keller Williams Pacific Estate | $739,000 | |
| Listed by Keller Williams Pacific Estate | |||
Property Highlights
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
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Closing Price
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Sold On
HOA + Taxes
About Belmont Heights
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Listed by: Colleen Low, Keller Williams Pacific Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW19245052
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW19245052
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