1 3rd Pl UNIT 2Long BeachCA90802
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Long Beach at 1 3rd Pl UNIT 2, Long Beach, CA, 90802 priced at $888,000 converts $5,448/mo rent into after a $4,346/mo obligation. Total monthly income equals $5,448/mo. Return on cash invested prints 19.88% in year one, and rental yield reads 7.36% against a $888,000 entry. Equity gained on principal adds $5,730/yr, while 5% annual appreciation compiles into $245,338 by year five. Five-year ROI reaches 102.62% and total cumulative return in cash sums $299,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,448/mo property income covering a $4,346/mo payment, not borrower’s personal income.
Condo
Built in 1976
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,306 (100%) |
| Owner Occupied HU | 4,625 (17.6%) |
| Renter Occupied HU | 19,014 (72.3%) |
| Vacant Housing Units | 2,667 (10.1%) |
| Median Home Value | $758,455 |
| Average Home Value | $819,112 |
Housing Distribution
Address Breakdown
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
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Listed by: Lisa Moule • Vista Sothebys International Realty
Mls Name: CRMLS
Mls ID: #SB25217609