1238 Magnolia Ave, Long Beach, CA, 90813 | 5.96% Rental Yield

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1238 Magnolia Ave, Long Beach, CA, 90813 | 5.96% 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

Rental property for sale in Long Beach at 1238 Magnolia Ave, Long Beach, CA, 90813 generates $4,348/mo in rent, after a $4,283/mo payment. Total monthly income is $4,348/mo. Return on cash invested sits at 15.62% in year one, and rental yield is 5.96% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 79.8% and total cumulative return in cash sums $229,727. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,348/mo property income rather than buyer’s personal income.

Single Family

Built in 2003

4,303 sqft lot

$N/A/sqft

No HOA

More details about the property

Make a smart move with this snazzy, turnkey Duplex in the up-and-coming Wilmore district of Long Beach. Live in one unit and rent out the other to cut your mortgage payment in half and reap the benefits of becoming a new landlord or add an impressive R-4 property to your existing portfolio. Each unit comes with a two-car garage, as well as a tandem parking space off the alley. There are numerous upgrades, including a new roof, complete exterior stucco, dual-pane windows, keyless entry doors, two water heaters, fresh landscaping with a 6-foot white vinyl fence, exterior and interior painting, and three TCL brand mini-split systems per unit. Inside, youll enjoy vaulted ceilings, SPC oak floors by Republic, baseboards, modern chandeliers, and wall sconces. The back unit features high-end stainless-steel appliances and includes a washer and dryer, as well as a wall-mounted television. The kitchens boast Knotty Alderwood cabinetry, high-end Acacia butcher block counters, a 3D tile backsplash, a stainless-steel sink, dishwasher, microwave, and recessed lighting. Finally, the bathroom is outfitted with beautiful veinous Carrera marble and a floating vanity featuring an LED mirror with a built-in defogger. It makes sense to buy two completely renovated units, with the potential to add more, rather than being stuck with just one, as a home should always be considered an investment that holds the key to your future.

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