5341 East Lanai Street
About This Property
The inviting living room welcomes you with natural light from a large picture window, while the adjacent family room with sliding glass doors flows seamlessly to the backyard. The kitchen provides generous counter space, abundant cabinetry, and a breakfast nook framed by windows overlooking the yard.
The primary suite is a true retreat with a bay window sitting area, a walk-in closet, and a remodeled en-suite bathroom boasting dual sinks, abundant storage, and an oversized walk-in shower. Two additional bedrooms and a well-appointed hall bath provide flexibility for family, guests, or a home office.
Step outside to the private backyard with a spacious patio, lush lawn, and mature landscaping-perfect for outdoor dining and entertaining. A storage shed adds convenience, while the attached garage with direct access provides everyday functionality.
Located on a peaceful street within the Long Beach Unified School District, this home is close to shopping, dining, parks, and easy freeway access, offering the perfect blend of comfort and convenience
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Oct 19, 2025 | In contract | - | |
| In contract | |||
| Oct 14, 2025 | Relisted | $999,000 | |
| Relisted | |||
| Oct 9, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by Century 21 Masters | $999,000 | |
| Listed by Century 21 Masters | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017