1
Map
$399,000
●
Property -
Off Market
5955 5957 Cherry Avenue
Long Beach, CA 90805
3 Beds
3 Baths,
1
Half Bath
2,972 Ft²
$784,795
RealtyHop Estimate
96.69%
Since Jan 1, 2014
CA-Los Angeles
Primary Model
About This Property
Mixed use property including a retail store fronting Cherry Ave,
rear building is a two story structure with a spacious 2 bedroom
and 2 bath unit on the top floor, a studio apartment and two car
garage on the bottom floor. Just remodel, new copper plumbing in
rear unit, separately metered electricity. 3 off street
parking spaces. Easy to rent, but wait for new owner to
decide, either to live and do business or rent it out. Buyer to
verify information. Property own by the trust, no court confirm
needed. Trustee hold a real estate agent
Unit Size
2,972 Ft²
Days on Market
85 days
Land Size
0.11 acres
Price per sqft
$134
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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 #OC13189111)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 10, 2013 | Sold | ||
| Sold | |||
| Sep 16, 2013 | Listed by Realty One Group Inc | $399,000 | |
| Listed by Realty One Group Inc | |||
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Parking Features: Concrete, Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: BrickWalls
Appliances: Dishwasher, Gas Cooktop
Flooring Type: Laminate, Tile
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 2972
Square Footage Source: $0
Property Condition: Turnkey
Architectural Style: Traditional
Year Built Source: Estimated
Year Built: 1946
Levels: Two
Other Structures: TwoOnALot
Construction Materials: Stucco
Patio and Porch Features: None
Pool Features: None
Lot Features: Level
Lot Size Area: 4726
Lot Size Units: Square Feet
Lot Size Acres: 0.108
Lot Size Square Feet: 4726
Tax Lot: 10
Water Source: Public
Utilities Details
Cooling Type: SeeRemarks
Heating Type: Central
Sewer : SewerTapPaid
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/16/2013
| |
3 Bed
|
3 Bath
|
2972 ft²
|
$399,000
3 Bed
3 Bath
2972 ft²
|
$399,000
12/10/2013
|
Kim Tran
Keller Williams San Jose Gateway
|
Building Info
About Jordan
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Listed by: Kim Tran, Realty One Group Inc
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC13189111
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC13189111
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