1273 E Appleton St APT 4, Long Beach, CA, 90802 | $323/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1273 E Appleton St APT 4, Long Beach, CA, 90802 | $323/mo Cash Flow | 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

Investment property for sale in Long Beach at 1273 E Appleton St APT 4, Long Beach, CA, 90802 listed at $390,000 pairs $2,736/mo rent with a $1,909/mo payment to leave $323/mo cash flow. Total monthly income runs $2,736/mo, and annual cash flow reaches $3,879/yr on $129,285 cash to close. Return on cash invested measures 22.91% in year one, and rental yield registers 8.42% at a $390,000 basis. Equity gained on principal adds $2,517/yr, and annual property appreciation at 5% supports $107,750 by year five. Five-year ROI tracks 118.95% and total cumulative return in cash totals $153,788. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,736/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1959

7,466 sqft lot

$N/A/sqft

No HOA

More details about the property

Price improvement! ONLY 9 UNITS, 5 BLOCKS FROM THE BEACH This darling 1 bedroom condo in the Villa Capri building is a must see!! This upstairs unit is huge - 827 sq. ft.! No one above you. New paint, New laminate flooring, semi new cabinets, travertine counter tops, onyx back splash, onyx breakfast bar counter. Specious kitchen with a formal dining area with spacious living room. The living room has sliding doors out to the balcony, which provides good light throughout the day. The hallway between the bathroom and bedroom has loads of storage cabinets. The bedroom is located at the back of the condo and boasts a huge walk-in closet. The building has a community laundry and water is included in the reasonable HOA fee of $240 per month. While there's no assigned parking, a nearby church offers private parking for a small monthly feeconvenient and affordable. This part of Long Beach has many small shops and restaurants. A walk to the beach takes less than 10 minutes! It's an easy bike ride to Shoreline Village and restaurant row on Pine Ave. It's ideal for people who need easy access to the 710 freeway. NO NEED FOR COURT CONFIRMATION

Neighborhood Data

Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.

Housing Distribution

Housing Statistics

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