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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Long Beach at 1015 E Ocean Blvd UNIT 6, Long Beach, CA, 90802 generates $2,654/mo in rent and, after a $1,948/mo payment, leaves $192/mo in cash flow. Total monthly income is $2,654/mo, and annual cash flow is $2,303/yr on $131,937 invested. Return on cash invested sits at 21.65% in year one, and rental yield is 8% on a $398,000 entry. Equity gained on principal adds $2,568/yr, while 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 112.2% and total cumulative return in cash sums $148,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,654/mo property income rather than buyer’s personal income.
Condo
Built in 1957
8,235 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
| 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 |
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Miki Singer • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #PW25170505
