Listed by: Alvin Mullins, Your Home Team Real Estate
$220,000
●
House -
Off Market
723 Elm Avenue #C
Long Beach, CA 90813
1 Bed
1 Bath
590 Ft²
$1,339
Est. Monthly
$210
HOA / Fees
7.91%
Cap Rate
About This Property
Great opportunity to own an condo near the Beach! This one bedroom
ground level condo is in a small 12 unit complex and features a
large bedroom with lots of closet space, an oversized living room
with lots of windows and natural light, tile flooring, this is a
gated community with a community laundry room in common area,
private front yard and just walking distance to all the downtown
restaurants, shops, Shoreline Village, the aquarium and all the
Beaches.
Unit Size
590 Ft²
Days on Market
194 days
Land Size
0.17 acres
Price per sqft
$390
Property Type
House
Property Taxes
-
HOA Dues
$210
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: 2 years ago (CRMLS #RS24174566)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2024 | Listed by Your Home Team Real Estate | $229,900 | |
| Listed by Your Home Team Real Estate | |||
Property Highlights
Garage
Fireplace
Interior Details
Bedrooms: 1
Bedrooms on Main Level: 1
Full Bathrooms: 1
Bathrooms on Main Level: 1
Levels: One
Appliances: Gas Oven
Flooring Type: Tile
Living Area Square Feet Source: Assessor
Laundry Features: Laundry Room, Outside
None
Exterior Details
Property Condition: Turnkey
Year Built: 1957
Parcel Number: 7273020028
Home Type: Residential
Structure Type: House
Foundation Details: Slab
Roof: Composition
Construction Materials: Stucco
Outdoor Living Structures: Concrete
Pool Features: None
Lot Information: Level
Lot Size Source: Assessor
Lot Size Acres: 0.1722
Elevation Units: Feet
Utilities Details
Cooling Type: None
Location Details
Association Amenities: Trash
Association Fee: $210
Association Fee Frequency: Monthly
Community Features: Curbs, Street Lights, Sidewalks
Subdivision: Alamitos Beach (AB)
High School District: Long Beach Unified
Subdivision Name: Alamitos Beach (AB)
Directions: West on 7th from Atlantic, right on Elm
Other Details
Listing Terms: Cash, Conventional
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 |
|---|---|---|---|---|---|---|---|
|
11/25/2024
|
2 Bed
|
1 Bath
|
796 ft²
|
$425,000
2 Bed
1 Bath
796 ft²
|
$390,000
-8.24%
01/31/2025
|
Shawn Dixon
RE/MAX College Park Realty
| |
|
08/22/2024
|
1 Bed
|
1 Bath
|
590 ft²
|
$229,900
1 Bed
1 Bath
590 ft²
|
$220,000
-4.31%
03/04/2025
|
Alvin Mullins
Your Home Team Real Estate
| |
|
05/25/2023
|
2 Bed
|
1 Bath
|
796 ft²
|
$410,000
2 Bed
1 Bath
796 ft²
|
-
-
|
Mary Edwards
RE/MAX College Park Realty
| |
|
05/14/2019
|
2 Bed
|
1 Bath
|
796 ft²
|
$270,000
2 Bed
1 Bath
796 ft²
|
$254,000
-5.93%
02/13/2020
|
Mary Edwards
RE/MAX College Park Realty
| |
|
07/13/2017
| |
2 Bed
|
1 Bath
|
796 ft²
|
-
2 Bed
1 Bath
796 ft²
|
-
-
|
-
|
Building Info
About Saint Mary
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Listed by: Alvin Mullins, Your Home Team Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# RS24174566
Last Updated: 2 years ago
Data Source: CRMLS, MLS# RS24174566
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