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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 1450 Locust Ave APT 306, Long Beach, CA, 90813 offers a 8.9% rental yield on a $388,888 purchase with $2,885/mo rent. Total monthly income registers $2,885/mo, and a $1,903/mo payment leaves $480/mo available for distribution. Annual cash flow reaches $5,756/yr on $128,916 to close, and return on cash invested stands at 24.37% in year one. Equity gained on principal adds $2,509/yr while 5% annual appreciation supports $107,443 over five years. Portfolio math shows five-year ROI at 126.79% and total cumulative return in cash at $163,447. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,885/mo property income against a $1,903/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90813, Long Beach, CA area.
| 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 |
Residential
18,765
Single Family
8,305
Multi-Family
10,460
Businesses
1,622
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Abraham Hernandez • Loftway
Mls Name: CLAW
Mls ID: #25591195
