$512,000
●
House -
Off Market
5755 Cedar Avenue
Long Beach, CA 90805
3 Beds
2 Baths
1,474 Ft²
$733,589
RealtyHop Estimate
46.75%
Since Sep 1, 2019
CA-Los Angeles
Primary Model
About This Property
1 story home with open floor plan. Newly renovated kitchen and new
hardwood floor all over. Master bedroom with walk in closet with
own bathroom. Central heat/AC. Big backyard to entertain guests. 1
car garage with ample of street parking in a quiet neighborhood.
Unit Size
1,474 Ft²
Days on Market
43 days
Land Size
0.14 acres
Price per sqft
$339
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1947
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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 #OC19163969)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Nov 29, 2023 | Relisted | $759,900 | |
| Relisted | |||
| Sep 15, 2023 | In contract | - | |
| In contract | |||
| Aug 23, 2023 | Price Decreased |
$759,900
↓ $40K
(5%) | |
| Price Decreased | |||
| Jun 28, 2023 | Listed by Proper Real Estate | $799,900 | |
| Listed by Proper Real Estate | |||
| | |||
|
Welcome to this lovely home in the City of Long Beach. This is a 3 bedrooms and two baths open floor plan home. You have a cohesive flow between living room to the kitchen to family room creating a more spacious and connected feel. The homeowner suite has a walk in closet and leads to a bathroom. The property also has a good size backyard that is already concrete. You are located near parks, schools, shopping, and more. With the 710 & 91 freeway close by, it will make commuting easy. The manager has listed the unit size as 1474 square feet.
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About DeForest Park
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Listed by: David Bezeau, HomeBay Broker CA, Inc
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC19163969
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC19163969
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