Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1122 Cherry Ave, Long Beach, CA, 90813 with 5% annual appreciation on a $1,099,000 basis while $4,940/mo rent supports operations. 11% in year one. Equity gained on principal adds $7,092/yr, and five-year appreciation sums $303,633 alongside rental yield of 5.39%. Five-year ROI measures 71.63% and total cumulative return in cash totals $255,054. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,940/mo property income versus a $5,379/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1919
4,295 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90813, Long Beach, CA area.
| 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 |
Residential
18,765
Single Family
8,305
Multi-Family
10,460
Businesses
1,622
Date | Event | Price |
|---|---|---|
| 2024-07-30 | Listed for sale | $1,099,000 |
| 2009-02-25 | Sold | $290,000 |
| 2008-10-03 | Sold | $431,420 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $5204.89 | 6.23% | $358,934 | 2.00% |
| 2022-08-15 | $4899.48 | 2.33% | $351,897 | 2.00% |
| 2021-08-15 | $4788.06 | 0.26% | $344,998 | 1.04% |
Listed by: Trey Mitchell • CB Richard Ellis, Inc.
Mls Name: CLAW
Mls Provider:
Mls ID: #24-383577
Disclaimer: 2024 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
