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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 1047 E 1st St UNIT 9, Long Beach, CA, 90802 with 5% annual appreciation on a $400,000 basis while $3,342/mo rent supports operations. Total monthly income totals $3,342/mo and a $1,958/mo payment preserves $654/mo for cash returns. Annual cash flow comes to $7,852/yr on $132,600 deployed, and return on cash invested reaches 25.83% in year one. Equity gained on principal adds $2,581/yr, and five-year appreciation sums $110,513 alongside rental yield of 10.03%. Five-year ROI measures 135.31% and total cumulative return in cash totals $179,416.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,342/mo property income versus a $1,958/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1954
8,274 sqft lot
$N/A/sqft
$167 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 |
|---|---|---|
| 2024-07-26 | Listed for sale | $400,000 |
| 2020-07-02 | Listing removed | $1,550 |
| 2020-06-27 | Listed for rent | $1,550 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $3550.45 | 6.53% | $267,940 | 2.00% |
| 2022-08-15 | $3332.80 | 2.06% | $262,687 | 2.00% |
| 2021-08-15 | $3265.60 | 0.25% | $257,537 | 1.04% |
Listed by: Carmen Martinez • Carmen Martinez, BROKER
Mls Name: CRMLS
Mls Provider:
Mls ID: #AR24152634
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
