1750 E Ocean Blvd UNIT 503, Long Beach, CA, 90802 | 6.49% Rental Yield

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1750 E Ocean Blvd UNIT 503, Long Beach, CA, 90802 | 6.49% Rental Yield | Ziffy

For Sale

Listed for sale 6 days ago

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 1750 E Ocean Blvd UNIT 503, Long Beach, CA, 90802 offers a 6.49% rental yield on a $563,900 purchase with $3,050/mo rent. 22% in year one. Equity gained on principal adds $3,639/yr while 5% annual appreciation supports $155,795 over five years. Portfolio math shows five-year ROI at 88.42% and total cumulative return in cash at $164,034. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,050/mo property income against a $2,760/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1975

1.02 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your beachfront oasis! Situated in a prime location with a side ocean view, this charming condo has floor to ceiling windows that bathe the interior with natural light. Step inside and be greeted by an inviting open concept layout, where the living, dining, and kitchen areas seamlessly flow together, creating an ideal space for comfortable living and simply relaxing in style. Experience the ultimate convenience with direct beach and walking path access, allowing you to indulge in biking or exercise, seaside strolls and sun-kissed afternoons. After a day of activity, retreat to the comfort of your own home and unwind in the tranquility of coastal living. This home offers modern amenities to enhance your lifestyle, central heat and AC, in-unit laundry for added convenience and one parking space for effortless access. The HOA fees includes Internet, WIFI, Direct TV, water, and partial EQ insurance. Belmont Shore, downtown, the Pike, Pine Ave, Bixby Park, and the Farmer's market provide opportunities for dining, shopping and recreation. Whether you're seeking a peaceful retreat or a vibrant choice of activities, this condo brings the essence of coastal living. This is your opportunity to live by the ocean and have your own piece of paradise!

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