2308 Lime AveLong BeachCA90806
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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 Long Beach at 2308 Lime Ave, Long Beach, CA, 90806 offers a 7.16% rental yield on a $565,000 purchase with $3,371/mo rent. 26% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 99.34% and total cumulative return in cash at $184,659. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,371/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90806, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,012 (100%) |
| Owner Occupied HU | 4,448 (34.2%) |
| Renter Occupied HU | 8,131 (62.5%) |
| Vacant Housing Units | 433 ( 3.3%) |
| Median Home Value | $747,565 |
| Average Home Value | $815,893 |
Housing Distribution
Address Breakdown
Residential
13,094
Single Family
8,271
Multi-Family
4,823
Businesses
1,262
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Listed by: Raymond Wu • Keller Williams Los Angeles
Mls Name: CLAW
Mls ID: #25624909