201 Ocean Ave UNIT 301PSanta MonicaCA90402
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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 Santa Monica at 201 Ocean Ave UNIT 301P, Santa Monica, CA, 90402 listed at $1,449,000 pairs $4,951/mo rent with a $7,092/mo payment. Total monthly income runs $4,951/mo. Return on cash invested measures 10.11% in year one, and rental yield registers 4.1% at a $1,449,000 basis. Equity gained on principal adds $9,350/yr, and annual property appreciation at 5% supports $400,332 by year five. Five-year ROI tracks 50.21% and total cumulative return in cash totals $235,735. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,951/mo property income relative to a $7,092/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90402, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,335 (54.5%) |
| Renter Occupied HU | 2,085 (34.1%) |
| Vacant Housing Units | 694 (11.4%) |
| Median Home Value | $2,000,001 |
| Average Home Value | $2,050,430 |
Housing Distribution
Address Breakdown
Residential
5,554
Single Family
3,624
Multi-Family
1,930
Businesses
97
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Listed by: Nili Hudson • Compass
Mls Name: CLAW
Mls ID: #25601667