$502,400
●
House -
Off Market
5601 Cerritos Avenue
Long Beach, CA 90805
3 Beds
1 Bath
1,212 Ft²
$762,985
RealtyHop Estimate
49.63%
Since Dec 1, 2018
CA-Los Angeles
Primary Model
About This Property
Beautifully upgraded single story home on a tree lined street.
Features 3 bedrooms, 1 bath, 1212sf, central a/c & heat, and extra
large 2.5-car detached garage. This cute home has white picket
fence at the front and sides for added privacy. Spacious living
room with beautiful refinished wood floor, ceiling fan, cozy fire
place, and bay window. New kitchen with Antique White kitchen
cabinets, quartz counter top, recessed lights, tile floor,
stainless steel stove, range hood and dishwasher. Huge master
bedroom with new laminated wood floor, beam wood ceiling, and
ceiling fan. Bathroom with new light fixtures and new hand held
shower head. Laminated wood floor in all bedrooms, tile floor in
bathroom, seven new Low-E windows. Newly painted inside and out.
Two backyards for entertaining - a large tiled courtyard on one
side and cement & a grassy area on the other. Flat part of roof,
master bedroom has new roof. Great location with easy access to 91,
710 and 605 freeways.
Unit Size
1,212 Ft²
Days on Market
30 days
Land Size
0.11 acres
Price per sqft
$421
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: 5 months ago (CRMLS #PW18242741)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2018 | Sold | ||
| Sold | |||
| Oct 8, 2018 | Listed by 2020 Realty & Investment | $509,900 | |
| Listed by 2020 Realty & Investment | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Lindbergh
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Listed by: Jamie Yiang, 2020 Realty & Investment
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18242741
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW18242741
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