$284,000
●
House -
Off Market
885 Palm Avenue
Beaumont, CA 92223
3 Beds
2 Baths
1,262 Ft²
$421,918
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model
About This Property
What a great place place to call home. This 3 bedroom 2 bath home
has a lot to offer. Home is within walking distance to Palm
Elementary School and Beaumont's Stewart Park. Palm Ave features
walking paths with decorative street lighting. Home is on a corner
lot with a big yard which includes the area behind the property
that in secured by the wooden fence. RV parking with full hookups &
storage shed included. No HOA dues and no CFD/Mello Roos taxes,
which will save you hundreds per month! Home has been updated and
remodeled. Dual pane windows, new carpet, central heat/air. Kitchen
features new stove, new microwave and tile floors. Separate dining
room, large living room, inside laundry, updated bathrooms, ceiling
fans and more. This home could make someone very happy as a first
time buyer or even a good cash flow rental. This is a great
opportunity to not miss out on. Seller is putting the finishing
touches on this cute home so don't let that stop you from checking
it out. Brand new garage door just installed...
Unit Size
1,262 Ft²
Days on Market
91 days
Land Size
0.20 acres
Price per sqft
$227
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: 4 months ago (CRMLS #EV19040424)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 2, 2022 | No longer available | - | |
| No longer available | |||
| Feb 9, 2022 | In contract | - | |
| In contract | |||
| Feb 7, 2022 | No longer available | - | |
| No longer available | |||
| Feb 2, 2022 | Relisted | $389,900 | |
| Relisted | |||
| Oct 31, 2021 | In contract | - | |
| In contract | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
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HOA + Taxes
About Beaumont
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Listed by: DAVID FENN, FENN REAL ESTATE, INC.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV19040424
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV19040424
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