1108 Camino Real APT 407, Redondo Beach, CA, 90277 | 7.17% Rental Yield

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1108 Camino Real APT 407, Redondo Beach, CA, 90277 | 7.17% Rental Yield | 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

Total monthly income runs $4,175/mo, and a $3,421/mo payment. Purchase price stands at $699,000, and rental yield measures 7.17% with $4,175/mo rent. Return on cash invested shows 19.28% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 99.46% and total cumulative return in cash records $228,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,175/mo property income covering a $3,421/mo payment rather than investor’s personal income.

Condo

Built in 1971

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

Captivating, panoramic views abound from this sophisticated 2-bedroom, 2-bath residence at High Pointe in South Redondo Beach. Stylishly appointed throughout, the open floor plan invites you to unwind on the east-facing balcony or prepare epicurean delights in the beautifully remodeled kitchen. Each bedroom is generously sized, and both bathrooms have been tastefully updated. High Pointe offers a host of desirable amenities including an elevator, indoor pool, sauna, fitness and game rooms, laundry facilities, and two tandem parking spaces. This is also one of the few units that features its own private, walk-in storage closet. HOA dues include water and trash. Perfectly situated next to Wilderness Park and just minutes from Alta Vista Park, shopping, dining, and the beach, this home captures the very best of the South Bay lifestyle.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90277, Redondo Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,815 (100%)
Owner Occupied HU	7,737 (43.4%)
Renter Occupied HU	8,952 (50.2%)
Vacant Housing Units	1,126 ( 6.3%)
Median Home Value	$1,456,087
Average Home Value	$1,522,751