214 Glendora AveLong BeachCA90803
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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
Rental property for sale in Long Beach at 214 Glendora Ave, Long Beach, CA, 90803 priced at $1,299,000 converts $4,782/mo rent into after a $6,358/mo obligation. Total monthly income equals $4,782/mo. Return on cash invested prints 9.85% in year one, and rental yield reads 4.42% against a $1,299,000 entry. Equity gained on principal adds $8,382/yr, while 5% annual appreciation compiles into $358,890 by year five. Five-year ROI reaches 49.22% and total cumulative return in cash sums $207,169. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,782/mo property income covering a $6,358/mo payment, not borrower’s personal income.
Single Family
Built in 1927
2,324 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 90803, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,079 (100%) |
| Owner Occupied HU | 7,604 (39.9%) |
| Renter Occupied HU | 10,009 (52.5%) |
| Vacant Housing Units | 1,466 ( 7.7%) |
| Median Home Value | $1,280,276 |
| Average Home Value | $1,353,167 |
Housing Distribution
Address Breakdown
Residential
18,056
Single Family
10,507
Multi-Family
7,549
Businesses
1,045
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-14 | Price change | $1,299,000 |
| 2024-11-30 | Price change | $1,349,000 |
| 2024-11-11 | Listed for sale | $1,385,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-09 | $14987.31 | 1.69% | $1,180,853 | 2.00% |
| 2023-01-09 | $14738.29 | 7.83% | $1,157,700 | 34.90% |
| 2022-01-09 | $13668.23 | 34.34% | $858,162 | 2.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1927
- Architectural Style: Spanish
- Building Area: N/A
- Living Area: 1,002 sqft
- Property Condition: Turnkey
Features & Amenities
- Heating: Fireplace(s), Wall Furnace
- Cooling: None
- Flooring: Wood
- Interior Features: Beamed Ceilings, Main Floor Master Bedroom, Eat-in Kitchen
- Exterior Features: N/A
- Parking Features: Garage, On Street
Location
- City: Long Beach
- State: CA
- Subdivision: N/A
- Lot Size: 2,324 sqft
- Lot Features: Front Yard
- View: Neighborhood
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Natural Gas Connected, Sewer Connected, Water Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Lowell
- Middle School: Rogers
- High School: Woodrow Wilson
Listed by: Crystal Glenning • Compass
Mls Name: CRMLS
Mls Provider:
Mls ID: #PW24230591
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information