15 Cerritos AveLong BeachCA90802
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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 15 Cerritos Ave, Long Beach, CA, 90802 with 5% annual appreciation on a $349,000 basis while $2,459/mo rent supports operations. Total monthly income totals $2,459/mo and a $1,708/mo payment preserves $300/mo for cash returns. Annual cash flow comes to $3,602/yr on $115,694 deployed, and return on cash invested reaches 23.02% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 8.46%. Five-year ROI measures 119.56% and total cumulative return in cash totals $138,324.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,459/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1952
6,726 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
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Listed by: Anita McRory • Century 21 On Target
Mls Name: CRMLS
Mls ID: #RS25269659