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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 120 Alamitos Ave APT 14, Long Beach, CA, 90802 uses $127,628 cash to close to unlock $8,364/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $3,523/mo, and a $1,884/mo payment keeps the spread at $697/mo. Purchase price stands at $385,000, and rental yield measures 10.98% with $3,523/mo rent. Return on cash invested shows 26.46% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 139.48% and total cumulative return in cash records $178,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,523/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 1959
0.33 Acres lot
$N/A/sqft
$309 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 |
|---|---|---|
| 2025-09-26 | Sold | $385,000 |
| 2025-08-09 | Contingent | $380,000 |
| 2025-07-29 | Price change | $380,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-09 | $4517.75 | 1.82% | $344,698 | 2.00% |
| 2023-10-09 | $4436.80 | 6.55% | $337,940 | 2.00% |
| 2022-10-09 | $4164.23 | 4.15% | $331,315 | 2.00% |
Listed by: RODRIGO MELGOZA • CENTURY 21 REALTY MASTERS
Mls Name: CRMLS
Mls Provider:
Mls ID: #MB25149699
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 2025-10-09 03:25:21 PDT 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
