6271 Knight Avenue
About This Property
This corner lot property is priced to sell! With 4 (could be 5) spacious bedrooms and 2.5 baths it is one of the largest houses in the neighborhood and also includes a large indoor laundry room, family room, and sizeable living room. More than enough for a large or growing family! The entire downstairs has original hardwood floors preserved under the carpet. The upstairs has carpet throughout and built-in cabinets at the landing. There are also built-in cabinets in the dining room, kitchen, laundry, and study. This place comes with plenty of storage! The upgrades also comprise newer windows and central heat & air! With its prime Long Beach locale, just a short distance from the Lakewood Center, Lakewood Golf Course, Long Beach City College, and the 91 Freeway, this place is highly desirable and will move fast! With a little TLC, this could be your dream home!
This home would also be the perfect candidate for two families, with a little work you could easily convert this into two units! Call me to find out how!
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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 18, 2017 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $575,000 | |
| Listed | |||
| | |||
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This corner lot property is priced to sell! With 4 spacious bedrooms and 2.5 baths it is one of the largest houses in the neighborhood and also includes a large indoor laundry room, family room, and sizeable living room. More than enough for a large or growing family! The entire downstairs has original hardwood floors preserved under the carpet. The upstairs has carpet throughout and built-in cabinets at the landing. There are also built-in cabinets in the dining room, kitchen, laundry, and study. This place comes with plenty of storage! The upgrades also comprise newer windows and central heat & air! With its prime Long Beach locale, just a short distance from the Lakewood Center, Lakewood Golf Course, Long Beach City College, and the 91 Freeway, this place is highly desirable and will move fast! With a little TLC, this could be your dream home! The manager has listed the unit size as 2223 square feet.
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| Jul 28, 2017 | Listed by RE/MAX ADVANTAGE | $575,000 | |
| Listed by RE/MAX ADVANTAGE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017