201 Ocean Ave UNIT 510PSanta 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 510P, Santa Monica, CA, 90402 offers a 9.7% rental yield on a $995,000 purchase with $8,039/mo rent. Total monthly income registers $8,039/mo, and a $4,870/mo payment leaves $1,884/mo available for distribution. Annual cash flow reaches $22,605/yr on $327,355 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $6,421/yr while 5% annual appreciation supports $274,900 over five years. Portfolio math shows five-year ROI at 140.64% and total cumulative return in cash at $460,398. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,039/mo property income against a $4,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Joseph Cilic • Sotheby's International Realty
Mls Name: CLAW
Mls ID: #25570929