1702 Freeman AveLong BeachCA90804
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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 1702 Freeman Ave, Long Beach, CA, 90804 listed at $699,000 pairs $3,832/mo rent with a $3,421/mo payment. Total monthly income runs $3,832/mo. Return on cash invested measures 17.49% in year one, and rental yield registers 6.58% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 89.87% and total cumulative return in cash totals $206,666. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,832/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1921
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90804, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,850 (100%) |
| Owner Occupied HU | 3,067 (19.4%) |
| Renter Occupied HU | 12,011 (75.8%) |
| Vacant Housing Units | 772 ( 4.9%) |
| Median Home Value | $796,806 |
| Average Home Value | $838,697 |
Housing Distribution
Address Breakdown
Residential
15,570
Single Family
6,201
Multi-Family
9,369
Businesses
1,143
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Listed by: Michael Karahalios • Sunwest Realty
Mls Name: CRMLS
Mls ID: #PW25219563