202 N Irena Ave #BRedondo BeachCA90277
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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 Redondo Beach at 202 N Irena Ave #B, Redondo Beach, CA, 90277 with 5% annual appreciation on a $1,760,000 basis while $7,200/mo rent supports operations. 61% in year one. Equity gained on principal adds $11,357/yr, and five-year appreciation sums $486,256 alongside rental yield of 4.91%. Five-year ROI measures 63.6% and total cumulative return in cash totals $362,669. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,200/mo property income versus a $8,614/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2003
5,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90277, Redondo Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,815 (100%) |
| Owner Occupied HU | 7,737 (43.4%) |
| Renter Occupied HU | 8,952 (50.2%) |
| Vacant Housing Units | 1,126 ( 6.3%) |
| Median Home Value | $1,456,087 |
| Average Home Value | $1,522,751 |
Housing Distribution
Address Breakdown
Residential
18,022
Single Family
8,500
Multi-Family
9,522
Businesses
1,826
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Listed by: Vicki Leach • Vista Sothebys International Realty
Mls Name: CRMLS
Mls ID: #SB25190137