$475,000
●
House -
Off Market
5525 Myrtle Avenue
Long Beach, CA 90805
2 Beds
1 Bath
1,063 Ft²
$704,563
RealtyHop Estimate
47.09%
Since May 1, 2019
CA-Los Angeles
Primary Model
About This Property
This classic 1928 Spanish Beauty features a large bright living
room with high coved ceilings, large picture window & plantation
shutters. Arched entry leading to a large formal dining room with
plantation shutters. Remodeled kitchen with granite counter tops,
tiled floor & custom lighting. Full bath with Granite top vanity,
custom tiled shower & floor. 2 large bedrooms with coved ceilings.
Hallway stained glass door. Inside laundry service porch. Wood
floors thru-out. 2 classic floor furnaces. Double pane & original
windows. Private back yard with covered patio, built-in commercial
BBQ & Fireplace & block fence. Automatic sprinklers front & back. 2
car detached garage with opener. Upgraded electrical panel 200 amp.
Retrofitted foundation. ADT alarm system.
Unit Size
1,063 Ft²
Days on Market
56 days
Land Size
0.12 acres
Price per sqft
$451
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1928
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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 #PW19044733)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Oct 28, 2025 | Listed by First Team Real Estate | $699,000 | |
| Listed by First Team Real Estate | |||
| | |||
|
Classic 1928 Spanish-Style Home – Updated with Charm Intact!
Beautifully maintained 1928 Spanish-style home featuring a spacious, light-filled living room with high coved ceilings, large picture windows, original wood floors, and plantation shutters. Formal dining room with arched entry and matching shutters. Remodeled kitchen includes granite countertops, newer cabinets, tiled flooring, and custom lighting. Full bath with granite-top vanity, custom tiled shower, and floor. Original wood-paned picture windows in family room and formal dining room and newer double-pane vinyl windows and blinds throughout.
Home offers two generously sized bedrooms with coved ceilings and original hardwood floors throughout. Unique stained-glass hallway door and charming built-ins add to the home’s character. Inside laundry/service porch for added convenience.
Tankless water heater, upgraded 200-amp electrical panel, and a retrofitted foundation. Private backyard features a covered patio, built-in commercial BBQ with gas line and outdoor fireplace, block fencing, and automatic sprinklers (front & back). Detached 2-car garage with automatic opener. Garage is insulated and drywalled along with epoxy flooring. ADT alarm system ready.
A perfect blend of timeless style and modern upgrades—don’t miss this rare opportunity!
| |||
| Apr 25, 2019 | Sold | ||
| Sold | |||
| Feb 28, 2019 | Listed by First Team Real Estate | $479,000 | |
| Listed by First Team Real Estate | |||
Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lindbergh
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Listed by: Russ Caldarella, First Team Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW19044733
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW19044733
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