1021 Pacific AveLong BeachCA90813
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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 1021 Pacific Ave, Long Beach, CA, 90813 priced at $1,350,888 pairs $3,653/mo rent with after a $6,612/mo payment. Total monthly income equals $3,653/mo. Return on cash invested is 7.18% in year one, and rental yield stands at 3.24% on a $1,350,888 basis. Equity gained on principal adds $8,717/yr, and 5% annual appreciation accumulates to $373,225 by year five. Five-year ROI measures 34.58% and total cumulative return in cash reaches $151,352. For financing, Ziffy Mortgage’s DSCR program evaluates $3,653/mo property income against a $6,612/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1956
7,453 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90813, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,301 (100%) |
| Owner Occupied HU | 2,253 (12.3%) |
| Renter Occupied HU | 15,089 (82.4%) |
| Vacant Housing Units | 959 ( 5.2%) |
| Median Home Value | $671,613 |
| Average Home Value | $711,246 |
Housing Distribution
Address Breakdown
Residential
18,765
Single Family
8,305
Multi-Family
10,460
Businesses
1,622
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Listed by: Steven Guthrie • Platinum Finance Properties
Mls Name: CRMLS
Mls Provider:
Mls ID: #PW24180867
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information