100 Atlantic Ave APT 906, Long Beach, CA, 90802 | $82/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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100 Atlantic Ave APT 906, Long Beach, CA, 90802 | $82/mo Cash Flow | 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 906, Long Beach, CA, 90802 generates $2,123/mo in rent and, after a $1,615/mo payment, leaves $82/mo in cash flow. Total monthly income is $2,123/mo, and annual cash flow is $981/yr on $109,395 invested. Return on cash invested sits at 20.81% in year one, and rental yield is 7.72% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 107.64% and total cumulative return in cash sums $117,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,123/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

Experience the epitome of beach and urban living with this coveted 9th-floor CITY LIGHTS VIEW residence at the iconic Royal Palms! Nearly 500 sq ft of remodeled space which includes vinyl flooring & smart recessed lighting. This studio unit has been modified to include a separate bedroom space opening to the living room with double French doors. From the living room, enjoy mountain and city light views! The adjoining remodeled chic kitchen features quartz counters, contemporary footed cabinetry, stainless appliances, recessed lights, fridge and stainless drawers & shelving! Upgraded cabinetry in bath along with wand shower head and upgraded fixtures. Built-ins added inside the mirrored closet, plus extra storage in garage area. Royal Palms is a pet-friendly building; and your HOA includes hot & cold water, trash (and trash chute), heat, Amazon drop station, community pool, meeting room, security patrol and on-site management - plus coming-soon rooftop entertainment! You are in the heart of fabulous Restaurants, Shops, Art Galleries, the Performing Arts Center, the Metro, Shoreline Village - AND a hop and skip from the beach! Enjoy the monthly street fairs, art walks, annual Grand Prix and much more!

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