624 Cedar Avenue
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Listed by Keller Williams Coastal Prop. | $699,900 | |
| Listed by Keller Williams Coastal Prop. | |||
| Apr 29, 2025 | Listed | $795,000 | |
| Listed | |||
| | |||
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Beautifully Updated Long Beach Home – Minutes from the Beach!
Welcome to this stunning, fully remodeled Long Beach property, located less than five minutes from the shoreline! This spacious home offers 4 bedrooms, 2 full bathrooms, and a convenient powder room. Recent updates include a modernized kitchen, refreshed bedrooms and bathrooms, and new flooring and staircases throughout, creating a bright and inviting atmosphere.
The layout is thoughtfully designed with three bedrooms upstairs and a private on suite bedroom downstairs. A clever renovation has transformed the downstairs closet into an additional bathroom, adding functionality and style. Public records shows 3 bedroom, 2 bathroom.
Additional features include:
Tankless water heater
Soft water system
Updated roof
BTU mini-split air conditioners in every room for year-round comfort
Please note: street parking only.
Whether you're looking for the perfect family home, a short-term rental investment, or a welcoming space for travel professionals, this home checks all the boxes. Don't miss your opportunity to own a beautifully updated property in one of Long Beach’s most desirable locations!
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| Dec 27, 2020 | Relisted | $689,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017