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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Long Beach at 18 3rd Pl, Long Beach, CA, 90802 priced at $439,000 converts $2,380/mo rent into after a $2,149/mo obligation. Total monthly income equals $2,380/mo. Return on cash invested prints 14.38% in year one, and rental yield reads 6.51% against a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation compiles into $121,288 by year five. Five-year ROI reaches 74.16% and total cumulative return in cash sums $107,924. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,380/mo property income covering a $2,149/mo payment, not borrower’s personal income.
Condo
Built in 1953
N/A lot
$N/A/sqft
$335 monthly HOA
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
| 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 |
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $439,000 |
| 2013-12-26 | Listing removed | $1,350 |
| 2013-11-12 | Listed for rent | $1,350 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $2355.51 | 1.80% | $171,423 | 2.00% |
| 2023-03-26 | $2313.92 | 6.41% | $168,062 | 2.00% |
| 2022-03-26 | $2174.57 | 2.20% | $164,768 | 2.00% |
Listed by: Andrew L Piretti • Polo Properties
Mls Name: SDMLS
Mls Provider:
Mls ID: #250022466
Disclaimer: This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation 2025 San Diego MLS.
