100 Atlantic Ave APT 1005, Long Beach, CA, 90802 | 6.44% Rental Yield

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100 Atlantic Ave APT 1005, Long Beach, CA, 90802 | 6.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Long Beach at 100 Atlantic Ave APT 1005, Long Beach, CA, 90802 generates $2,818/mo in rent, after a $2,570/mo payment. Total monthly income is $2,818/mo. Return on cash invested sits at 17.07% in year one, and rental yield is 6.44% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 87.59% and total cumulative return in cash sums $151,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,818/mo property income rather than buyer’s personal income.

Condo

Built in 1958

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Embrace the Southern California lifestyle in this remodeled 2-bedroom, 1-bathroom corner condo, where coastal charm meets contemporary design. Expansive windows in every room flood the space with natural light, framing panoramic vistas of Long Beach and Downtown Los Angeles, creating a serene backdrop for everyday living. The open-concept living space has been thoughtfully upgraded with new luxury vinyl flooring and baseboards, fresh paint, and modern light fixtures. The kitchen is equipped with brand-new cabinetry, stone countertops and a spacious sink, while the bathroom is updated with a stylish new vanity, toilet, and medicine cabinet. The secured-entry building offers a refreshing community pool, perfect for enjoying the sunny California weather. With the beach, restaurants, art galleries, boutiques, and entertainment just a short stroll away, youll feel right at home in this vibrant neighborhood. Bonus: Included oil and mineral rights offer unique long-term value, making this condo not just a home, but a smart investment. Live the California dream in this turn-key condowhere style, comfort, and location come together to offer the best of Long Beach living. This building is located in a census track that qualifies for a $20,000 grant and special financing through City National Bank.

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