1633 E 1st St APT 4, Long Beach, CA, 90802 | $808/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1633 E 1st St APT 4, Long Beach, CA, 90802 | $808/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 1633 E 1st St APT 4, Long Beach, CA, 90802 listed at $399,000 pairs $3,276/mo rent with a $1,953/mo payment to leave $808/mo cash flow. Total monthly income runs $3,276/mo, and annual cash flow reaches $9,691/yr on $132,269 cash to close. Return on cash invested measures 27.24% in year one, and rental yield registers 9.85% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 142.13% and total cumulative return in cash totals $187,994. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,276/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1961

7,473 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Your Own Personal Beachside Retreat at The Kona in Alamitos Beach! Nestled in the heart of Alamitos Beach on a picturesque tree-lined street, this delightful one-bedroom, one-bath condo is the perfect blend of mid-century charm and modern convenience. Situated in an iconic Mid-Century Modern complex, this end unit on the first floor is just one block from the sandideal for those seeking the ultimate beach lifestyle. Step inside and be greeted by an open, inviting floor plan filled with natural light and gorgeous original hardwood floors. The home retains its beautifully preserved mid-century details, including the original kitchen with warm wooden cabinets, bathroom with classic pink tile counters and a full-sized tub/shower. And don't forget your own outside patio for night time enjoyment on those warm summer nights. Fresh interior paint highlights the bright living space, while the thoughtful layout provides both comfort and functionality. Enjoy the convenience of ample storage throughout, plus additional storage in your private one-car garagea rare find in this area. Low HOA fees make this property an excellent opportunity for first-time buyers, downsizers, or investors alike. Beyond your front door, youll find yourself immersed in everything Long Beach has to offerlocal restaurants, coffee houses, and vibrant nightlife are just around the corner, along with the East Village Arts District, Shoreline Village, and The Pike. Parks, shops, and everyday amenities are also nearby, making this condo the perfect balance of city living with a relaxed beach vibe.

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