$500,000
●
House -
Off Market
4720 Matney Avenue
Long Beach, CA 90807
2 Beds
1 Bath
941 Ft²
$728,098
RealtyHop Estimate
47.09%
Since May 1, 2019
CA-Los Angeles
Primary Model
About This Property
Wonderful starter home in a desirable neighborhood, close to Bixby
Knolls eateries, breweries and shops. The home has an open floor
plan-dining room to living room. Home includes copper plumbing,
updated kitchen & bathroom, newer electrical panel, central
ac/heat, and inside laundry. Dual-pane windows throughout to the
keep home cool/warm and keep A/C bill lower. The floors are wood
laminate in the living, dining, hallway, and carpet in the
bedrooms, but underneath are the original hardwood floors. A long
drive way leads to the two car detached garage, which has 220V for
your tools. The large back yard has raised garden beds for those
fresh veggies with sprinklers. Mature lemon tree and grapefruit
tree and younger key-lime. The front yard is drought tolerant and
on a drip sprinkler system. All of this, and the home needs
some love, nothing a little paint and yard work won't cover. Great
bones and updates.
Unit Size
941 Ft²
Days on Market
56 days
Land Size
0.13 acres
Price per sqft
$526
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1942
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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 #PW19022948)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 19, 2019 | Sold | ||
| Sold | |||
| Feb 22, 2019 | Listed by Keller Williams Pacific Estate | $495,000 | |
| Listed by Keller Williams Pacific Estate | |||
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
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Baths
ft²
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Listed On
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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# PW19022948
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW19022948
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