1502 Ocean DrHermosa BeachCA90254
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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
Rental property for sale in Hermosa Beach at 1502 Ocean Dr, Hermosa Beach, CA, 90254 generates $7,187/mo in rent, after a $8,328/mo payment. Total monthly income is $7,187/mo. Return on cash invested sits at 13.1% in year one, and rental yield is 5.07% on a $1,701,500 entry. Equity gained on principal adds $10,980/yr, while 5% annual appreciation builds toward $470,093 over five years. Five-year ROI reaches 66.24% and total cumulative return in cash sums $365,182. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,187/mo property income rather than buyer’s personal income.
Multi Family
Built in 1932
3,798 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90254, Hermosa Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,921 (100%) |
| Owner Occupied HU | 4,169 (42.0%) |
| Renter Occupied HU | 4,954 (49.9%) |
| Vacant Housing Units | 798 ( 8.0%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $1,804,921 |
Housing Distribution
Address Breakdown
Residential
9,880
Single Family
6,872
Multi-Family
3,008
Businesses
1,029
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Listed by: Bill Gross • eXp Realty of California Inc
Mls Name: CLAW
Mls ID: #25558301