1140 Pacific Ave UNIT 19, Long Beach, CA, 90813 | $872/mo Cash Flow

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1140 Pacific Ave UNIT 19, Long Beach, CA, 90813 | $872/mo Cash Flow | Ziffy

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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

Investment property for sale in Long Beach at 1140 Pacific Ave UNIT 19, Long Beach, CA, 90813 offers a 10.51% rental yield on a $339,000 purchase with $2,969/mo rent. Total monthly income registers $2,969/mo, and a $1,659/mo payment leaves $872/mo available for distribution. Annual cash flow reaches $10,465/yr on $112,379 to close, and return on cash invested stands at 29.22% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 152.81% and total cumulative return in cash at $171,724. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,969/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1985

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Are you looking for a great fixer upper opportunity in Long Beach? Welcome to 1140 Pacific Avenue #19, a 869 square foot 2 Bedroom/2 Bathroom condominium located in the Plaza Pacifica building! This great home features two spacious bedrooms, 2 bathrooms, an open and airy living room, a spacious kitchen, and a private baclony/patio. The building features secured entry, an elevator, secure underground parking, a laundry room, and well maintained common areas. In addition, the HOA dues include water and trash. The home is conveniently near shopping, dining, entertainment, and major transit, just minutes from downtown Long Beach, Pine Avenue, the beach, the Pike, Shoreline Village, The Pike, Pine Avenue, parks, and everything else the great city of Long Beach has to offer. This home needs work, but the price reflects that, and it is a great opportunity to buy a home at a low price point and fix it up just the way you like it!

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