$468,000
●
House -
Off Market
5534 Cerritos Avenue
Long Beach, CA 90805
2 Beds
1 Bath
1,152 Ft²
$700,000
RealtyHop Estimate
48.94%
Since Jul 1, 2018
CA-Los Angeles
Primary Model
About This Property
Welcome to this Charming Long Beach Home. You will be greeted
with a lovely sitting porch as you lead your way into the large
living room with a picturesque front window. This home
boasts of a separate dining room and ample size kitchen with
travertine tile and leads to the separate laundry room. Off
the kitchen enter to the large serene backyard with beautiful
gardens and fruit trees. Also in the backyard is the detached
2 car garage with long driveway. The garage has been updated
and can be used as an entertainment space with epoxy floors,
finished walls and extra back room for storage or possible kitchen.
Back inside, and down the hall is one of the 2 bedrooms that is
ample size and with lots of storage. The second bedroom is
very large and overlooks the lovely backyard garden. This
home also includes an additional large office room. In
addition, this home features, new PEX plumbing throughout, tankless
water heater, updated electrical, and newer roof. Located
close restaurants, shopping and parks. Hurry...this home won't
last!!!
Unit Size
1,152 Ft²
Days on Market
52 days
Land Size
0.09 acres
Price per sqft
$408
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1938
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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 #PW18097641)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2018 | Sold | ||
| Sold | |||
| Apr 27, 2018 | Listed by Redfin Corporation | $470,000 | |
| Listed by Redfin Corporation | |||
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
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Type
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Baths
ft²
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HOA + Taxes
About Lindbergh
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Listed by: Alicia Ives, Redfin Corporation
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW18097641
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW18097641
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