$1,745,500
●
House -
Off Market
5541 China
Long Beach, CA 90803
3 Beds
2 Baths
2,597 Ft²
$2,765,155
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model
About This Property
Price reduced over $200k! Beautiful, waterfront Spinnaker Bay
home with 35 foot boat dock directly in front of your private
patio. This lovely 3 bedroom plus a den (could easily be converted
to 4 bedroom), 2.75 bath home is ideally situated in the large
turning basin with stunning water views, lots of light, open floor
plan, spa and workout pool. Downstairs offers a den that is
currently being used as a workout room that could easily be
converted to a bedroom, .75 bathroom and waterfront kitchen and
living room. Upstairs features laundry room and three
bedrooms including luxurious master suite with bonus loft area and
amazing water views. A relaxed and inviting atmosphere permeates
throughout the home. This is a perfect home to enjoy coastal living
at its best and all that Spinnaker Bay has to offer.
Unit Size
2,597 Ft²
Days on Market
62 days
Land Size
0.09 acres
Price per sqft
$672
Property Type
House
Property Taxes
-
HOA Dues
$360
Year Built
1996
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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 #PW17278358)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 21, 2017 | Sold | ||
| Sold | |||
| Oct 20, 2017 | Listed by Coldwell Banker Coast Alliance | $1,745,500 | |
| Listed by Coldwell Banker Coast Alliance | |||
| Jul 9, 2017 | Listed | $1,799,000 | |
| Listed | |||
| | |||
|
Beautiful, waterfront Spinnaker Bay home with 35 foot boat dock directly in front of your private patio. This lovely 3 bedroom plus a den (could easily be converted to 4 bedroom), 2.75 bath home is ideally situated in the large turning basin with stunning water views, lots of light and open floor plan. Downstairs offers a den that is currently being used as a workout room that could easily be converted to a bedroom, .75 bathroom and waterfront kitchen and living room. Upstairs features laundry room and three bedrooms including luxurious master suite with bonus loft area and amazing water views. A relaxed and inviting atmosphere permeates throughout the home. This is a perfect home to enjoy coastal living at its best and all that Spinnaker Bay has to offer. The manager has listed the unit size as 2597 square feet.
| |||
Property Highlights
Air Conditioning
Fireplace
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Baths
ft²
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HOA + Taxes
About SEADIP
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Listed by: Jack Irvin, Coldwell Banker Coast Alliance
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17278358
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17278358
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