$1,500,000
●
House -
Off Market
5397 E Appian Way
Long Beach, CA 90803
4 Beds
3 Baths,
1
Half Bath
2,310 Ft²
$2,265,668
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
Motivated Seller!!! ***HUGE PRICE REDUCTION***
Excellent Opportunity Knocks! Opportunity to Own a Completely Turnkey WATERVIEW Property in the Prestigious Community of Belmont Park! This 4-bedroom, 3-bathroom house was extensively remodeled in 2018, and a newly constructed space was added during the rehabilitation. This house is in impeccable condition with a well-thought out floor plan. Interiors are very well-designed and built with the highest quality materials throughout, including European cabinetry, marble master bathroom, all stainless steel appliances, customized Quartz countertops, frosted glass doors, dual-pane clear windows and engineering wood floors.
View! View! View! Enjoy this spectacular water-view home from the rooftop deck that provides 360-degree views of the marina and Belmont Park! In addition, you also get a gorgeous marina view from the upstairs deck, from the upstairs bedrooms, and through several windows on the main floor. Live in this wonderful home located in the best area of Long Beach within walking distance to the Marina, local parks, restaurants, and the neighborhood shopping center.
Excellent Opportunity Knocks! Opportunity to Own a Completely Turnkey WATERVIEW Property in the Prestigious Community of Belmont Park! This 4-bedroom, 3-bathroom house was extensively remodeled in 2018, and a newly constructed space was added during the rehabilitation. This house is in impeccable condition with a well-thought out floor plan. Interiors are very well-designed and built with the highest quality materials throughout, including European cabinetry, marble master bathroom, all stainless steel appliances, customized Quartz countertops, frosted glass doors, dual-pane clear windows and engineering wood floors.
View! View! View! Enjoy this spectacular water-view home from the rooftop deck that provides 360-degree views of the marina and Belmont Park! In addition, you also get a gorgeous marina view from the upstairs deck, from the upstairs bedrooms, and through several windows on the main floor. Live in this wonderful home located in the best area of Long Beach within walking distance to the Marina, local parks, restaurants, and the neighborhood shopping center.
Unit Size
2,310 Ft²
Days on Market
466 days
Land Size
0.09 acres
Price per sqft
$671
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961
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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 #PW18206653)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 3, 2019 | Sold | ||
| Sold | |||
| Aug 24, 2018 | Listed by T.N.G. Real Estate Consultants | $1,549,000 | |
| Listed by T.N.G. Real Estate Consultants | |||
| Sep 8, 2017 | Sold | ||
| Sold | |||
| Jun 7, 2017 | Listed by Christina Curnyn, Broker | $895,000 | |
| Listed by Christina Curnyn, Broker | |||
| | |||
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Excellent Opportunity!! Gorgeous Beach home with incredible views from the upstairs bedrooms. Live in the best area of Long Beach, walk to the Marina, parks and local restaurant from this wonderful home. Also feel like your on vacation everyday with so many local activities including: Concerts in the Park, 3rd & 4th of July Firework Celebrations, close to Naples & Belmont Shores. This 3 bedroom, 2 baths beach house is simply wonderful. Open floor plan with a bedroom and full bathroom downstairs, custom designer colors, nice bathrooms, spacious living room with fireplace, and family room boasting vaulted ceilings. Chef's delight Spacious kitchen opening up to the family room!! Excellent size yard great for entertaining or enjoying a morning cup of coffee. Large 2 car garage with inside laundry hook-ups. Enjoy this custom home near award wining schools and beach/marina close! Welcome to Long Beach California, where the Surf Meet the Turf!
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Property Highlights
Air Conditioning
Fireplace
With View
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Belmont Park
Similar Homes for Sale
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Listed by: Sharon Kim, T.N.G. Real Estate Consultants
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18206653
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18206653
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