$395,000
●
House -
Off Market
5914 Cerritos Avenue
Long Beach, CA 90805
2 Beds
1 Bath
966 Ft²
$619,875
RealtyHop Estimate
61.01%
Since May 1, 2017
CA-Los Angeles
Primary Model
About This Property
Wonderful family home located on quiet street in great Long Beach
neighborhood. Large spacious 2 bedroom home with large full bath
affords many modern amenities to enjoy including a light and bright
permitted sun room adding 120 sqft to the home, it is enclosed and
was used as a guest room/library. Updated stone walk-way and drive
way, updated stone planter beds. Remodeled Kitchen and Baths. Tile
flooring in, living room kitchen and dining area, hardwood floors
in bedrooms and hallway. Appliances include refrigerator, stove,
microwave, washer and dryer. Newer front door and patio lighting.
Double detached garage and barbeque island in spacious backyard
with fruit trees and green house affords this home more added
value.
Unit Size
966 Ft²
Days on Market
37 days
Land Size
0.11 acres
Price per sqft
$399
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 #OC17037186)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2017 | Sold | ||
| Sold | |||
| Mar 1, 2017 | Listed by RJP & Associates | $385,000 | |
| Listed by RJP & Associates | |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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About Jordan
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Ronald Pascual, RJP & Associates
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC17037186
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC17037186
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