1450 Locust Ave APT 425Long BeachCA90813
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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
Investment Highlights
Investment property for sale in Long Beach at 1450 Locust Ave APT 425, Long Beach, CA, 90813 offers a 8.84% rental yield on a $285,000 purchase with $2,099/mo rent. Total monthly income registers $2,099/mo, and a $1,395/mo payment leaves $336/mo available for distribution. Annual cash flow reaches $4,030/yr on $94,478 to close, and return on cash invested stands at 24.18% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 125.71% and total cumulative return in cash at $118,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,099/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,765
Single Family
8,305
Multi-Family
10,460
Businesses
1,622
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Listed by: Renee Matthews • Elevation Realty
Mls Name: CRMLS
Mls ID: #P1-24931