2012 Manhattan Beach Blvd #2Redondo BeachCA90278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Redondo Beach at 2012 Manhattan Beach Blvd #2, Redondo Beach, CA, 90278 offers a 5.2% rental yield on a $1,100,000 purchase with $4,768/mo rent. 51% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 68.44% and total cumulative return in cash at $243,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,768/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
5,639 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90278, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,981 (100%) |
| Owner Occupied HU | 9,444 (55.6%) |
| Renter Occupied HU | 6,957 (41.0%) |
| Vacant Housing Units | 580 ( 3.4%) |
| Median Home Value | $1,224,834 |
| Average Home Value | $1,265,967 |
Housing Distribution
Address Breakdown
Residential
16,782
Single Family
10,482
Multi-Family
6,300
Businesses
999
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sep Ebrahimi • Berkshire Hathaway HomeService
Mls Name: CRMLS
Mls ID: #PV25192906