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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% |
Investment property for sale in Long Beach at 1022 E 1st St UNIT 12, Long Beach, CA, 90802 earns $1,388/mo cash flow from $5,509/mo rent with a $2,887/mo payment. Total monthly income totals $5,509/mo, and annual cash flow totals $16,652/yr on $194,077 capital. ROI tracks 28.64% on current figures, and rental yield reads 11.21% at a $589,900 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $162,978 over five years. Five-year ROI reaches 150.69% and total cumulative return in cash sums $292,449. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,509/mo property income instead of your personal income.
Condo
Built in 1956
8,230 sqft lot
$N/A/sqft
$317 monthly 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 |
|---|---|---|
| 2024-08-10 | Price change | $589,900 |
| 2024-07-09 | Listed for sale | $599,000 |
| 2018-04-25 | Sold | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $6290.07 | 6.62% | $492,138 | 2.00% |
| 2022-08-15 | $5899.74 | 2.05% | $482,489 | 2.00% |
| 2021-08-15 | $5781.37 | 0.28% | $473,029 | 1.04% |
Listed by: Kenneth Longo • Caliber Real Estate Group
Mls Name: CRMLS
Mls Provider:
Mls ID: #PW24131868
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
