Listed by: JASON WEI, RE/MAX PREMIER/ARCADIA
$1,050,000
●
House -
Off Market
650 Cecil Street
Monterey Park, CA 91755
3 Beds
2 Baths
1,144 Ft²
$5,146
Est. Monthly
About This Property
Extra Large Lot! Great opportunity to add an ADU. Welcome to this
recently renovated home located in a very desirable area of
Monterey Park. This property is situated in a quiet neighborhood
close to shopping, dining, and local amenities with easy access to
the 10/60 freeways. This makes the home even more comfortable to
live in. 3 bedrooms and 2 bathrooms/Brand new roof, kitchen
cabinets, countertops and appliances are all new! A new high
powered split air conditioner. All lights inside and outside the
home have been replaced and the home has been freshly painted
inside and out. New waterproof flooring and tile making it move-in
ready. The large lot makes it possible to build an ADU up to
1000Sf. Buyer needs to verify information with the city. Don't miss
this opportunity!
Unit Size
1,144 Ft²
Days on Market
37 days
Land Size
0.31 acres
Price per sqft
$916
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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: 3 years ago (CRMLS #WS24138901)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | Listed by RE/MAX PREMIER/ARCADIA | $1,048,000 | |
| Listed by RE/MAX PREMIER/ARCADIA | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
Price/ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Monterey Park
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Listed by: JASON WEI, RE/MAX PREMIER/ARCADIA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# WS24138901
Last Updated: 3 years ago
Data Source: CRMLS, MLS# WS24138901
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