133 The Promenade N UNIT 408, Long Beach, CA, 90802 | $470/mo Cash Flow

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133 The Promenade N UNIT 408, Long Beach, CA, 90802 | $470/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 133 The Promenade N UNIT 408, Long Beach, CA, 90802 listed at $584,000 pairs $4,082/mo rent with a $2,858/mo payment to leave $470/mo cash flow. Total monthly income runs $4,082/mo, and annual cash flow reaches $5,636/yr on $192,136 cash to close. Return on cash invested measures 22.99% in year one, and rental yield registers 8.39% at a $584,000 basis. Equity gained on principal adds $3,768/yr, and annual property appreciation at 5% supports $161,348 by year five. Five-year ROI tracks 119.35% and total cumulative return in cash totals $229,312. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,082/mo property income relative to a $2,858/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2006

1.38 Acres lot

$N/A/sqft

No HOA

More details about the property

2 LEVEL PENTHOUSE! LUXURY & STYLE! 1 BED + 1 UPSTAIRS LOFT + 2 BATH + 2 LEVELS! PREMIUM East Facing Open Views overlooking the park & city. Modern, Trendy, Spacious, Open Concept! 22ft ceilings! Top 4th & 5th floors! Custom light fixtures throughout. Hardwood Floors downstairs. Tiled bathrooms. Carpet in LOFT & stairs. LG Washer & Dryer. 2 balconies! Open Space Caesarstone Kitchen decked out w/ a" high end" stainless steel appliance package. Hall pantry & storage closet. Custom under stairs additional storage. 1st balcony off living room. 2nd balcony is oversized & off upstairs LOFT. Upstairs loft has its own full bathroom & AMAZING city VIEWS! Loft has been customized with privacy & is currently being used as the master bedroom. It also can be used a 2nd bedroom, guest room, office etc! Both HVAC and Water Heater original units have been replaced! 2 assigned gated underground parking spaces! Complimentary guest parking & EV Stations! 1 huge separate storage room! PET Friendly building. FIOS Internet, basic cable & water included in HOA. Modern club room w/ TV, sofas, pool table, shuffleboard, full kitchen, outdoor social patio bar, courtyard lounge w/ fireplace, gym & yoga room. 0-5 blocks away from everything! Beach, boardwalk, restaurants, museums, grocery stores, shopping, freeways & entertainment, farmers markets, Grand Prix, The Pike, Nike, H & M outlets, marina, Queen Mary, jet skis, boat rentals, paddle boarding, Pine Ave, Belmont Shores!

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