2404 Gates Ave #5Redondo BeachCA90278
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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
Total monthly income runs $4,632/mo, and a $5,384/mo payment. Purchase price stands at $1,100,000, and rental yield measures 5.05% with $4,632/mo rent. Return on cash invested shows 13.05% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 65.99% and total cumulative return in cash records $235,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,632/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Townhouse
Built in 1977
0.34 Acres 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
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Listed by: Alexandra Patch • DOMO Real Estate
Mls Name: CLAW
Mls ID: #25553815