2424 S Gaffey St APT 101, San Pedro, CA, 90731 | 6.5% Rental Yield

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2424 S Gaffey St APT 101, San Pedro, CA, 90731 | 6.5% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in San Pedro at 2424 S Gaffey St APT 101, San Pedro, CA, 90731 generates $3,954/mo in rent, after a $3,573/mo payment. Total monthly income is $3,954/mo. Return on cash invested sits at 17.25% in year one, and rental yield is 6.5% on a $730,000 entry. Equity gained on principal adds $4,711/yr, while 5% annual appreciation builds toward $201,686 over five years. Five-year ROI reaches 88.57% and total cumulative return in cash sums $212,726. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,954/mo property income rather than buyer’s personal income.

Condo

Built in 1973

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to one of the largest and most private corner end-units in a quiet, 18-residence community! Tucked into the back of the complex, this bright, breezy single-level home offers nearly 1,400 sq ft of living space with three generously sized bedrooms, no stairs, and an inviting open-concept layout. Set high on a hill, it enjoys ocean breezes, peek-a-boo views, and a private balconyperfect for relaxing evenings. Inside, you'll find newly upgraded laminate flooring in all bedrooms, replacing the original carpet with a fresh, modern look. The primary suite features a remodeled bathroom with a waterfall shower, brand-new vanity, and a spacious step-in shower, while the secondary bath includes an updated vanity with modern finishes. The kitchen is a delight, featuring brand-new Samsung appliancesincluding a gas stove, microwave, and Bespoke refrigeratoralong with granite countertops, ample cabinetry, a pantry with rollout shelves, and a built-in wine rack. Laundry is made easy with a new LG ThinQ stackable washer and dryer, and a newer electrical panel provides peace of mind. Additional highlights include two side-by-side garage parking spaces, private storage, and a pet-friendly community. Located near Ports O Call, the Korean Friendship Bell, scenic parks, and great local dining, with easy access to the 110 & 710 freeways, this home offers comfort, convenience, and coastal charmall in one.