$650,000
●
House -
Off Market
5642 Walnut Avenue
Long Beach, CA 90805
4 Beds
3 Baths
1,913 Ft²
$926,151
RealtyHop Estimate
42.48%
Since Apr 1, 2020
CA-Los Angeles
Primary Model
About This Property
This home is located in a quiet neighborhood in the city of Long
Beach, close to the 710 freeway and plenty of shopping centers.
The long welcoming concrete driveway provides plenty of
parking and room for your toys. This impressive two-story 4-bedroom
3-bath home is the perfect fit for a large family! This home
features a large living room, spacious kitchen with a formal dining
room, large master bedroom with master bathroom, spacious bedrooms
for the family, even room for your office! Other features included
are hardwood and tile floors throughout the house, paid off solar
panels, central heating and air system to keep everything at the
right temperature and large backyard perfect for entertaining and
so much more. There is a detached back unit, with a bathroom and a
kitchenette perfect for the in-laws or to generate some extra
income (can be converted to a formal ADU). Come see it for
yourself, this property has so much potential and more to offer.
Unit Size
1,913 Ft²
Days on Market
57 days
Land Size
0.16 acres
Price per sqft
$340
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1939
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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 #DW20013656)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 17, 2020 | Sold | ||
| Sold | |||
| Jan 20, 2020 | Listed by Century 21 Allstars | $650,000 | |
| Listed by Century 21 Allstars | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lindbergh
Similar Homes for Sale
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Listed by: Luther Sanchez, Century 21 Allstars
Last Updated: 5 months ago
Data Source: CRMLS, MLS# DW20013656
Last Updated: 5 months ago
Data Source: CRMLS, MLS# DW20013656
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