228 Avenue ARedondo BeachCA90277
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
Rental property for sale in Redondo Beach at 228 Avenue A, Redondo Beach, CA, 90277 priced at $1,995,000 converts $5,081/mo rent into after a $9,765/mo obligation. Total monthly income equals $5,081/mo. Return on cash invested prints 6.89% in year one, and rental yield reads 3.06% against a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation compiles into $551,182 by year five. Five-year ROI reaches 32.93% and total cumulative return in cash sums $212,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,081/mo property income covering a $9,765/mo payment, not borrower’s personal income.
Single Family
Built in 1921
6,019 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary Kooba • Vista Sothebys International Realty
Mls Name: CRMLS
Mls ID: #SB25274125