243 Park 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
Investment property for sale in Long Beach at 243 Park Ave, Long Beach, CA, 90803 projects strong ROI of 9.83%. Rental yield 4.4%. With 5% annual appreciation, the property builds $628,541 in value over five years. Equity growth combined delivers a projected five-year ROI of 49.11%, translating into $361,962 in total cumulative return on $737,100 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1923
6,352 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 |
|---|---|---|
| 2025-02-03 | Listed for sale | $2,275,000 |
| 2023-06-02 | Sold | $2,005,000 |
| 2023-05-30 | Pending sale | $2,145,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-12 | $25966.18 | 77.26% | $2,045,100 | 79.92% |
| 2023-02-12 | $14648.31 | 6.56% | $1,136,684 | 2.00% |
| 2022-02-12 | $13746.39 | 2.00% | $1,114,397 | 2.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1923
- Architectural Style: Spanish
- Building Area: N/A
- Living Area: 2,634 sqft
- Property Condition: Turnkey
Features & Amenities
- Heating: Central, Ductless, ENERGY STAR Qualified Equipment, Forced Air, Solar
- Cooling: Ductless
- Flooring: Wood
- Interior Features: Balcony, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Pantry, Storage, Track Lighting, Wired for Sound, All Bedrooms Down, Bonus Room, Den, Family Room, Formal Entry, Game Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Master Suite, Media Room, Office, Separate Family Room, Breakfast Counter / Bar, Eating Area In Dining Room
- Exterior Features: Awning(s), Rain Gutters
- Parking Features: Garage Faces Rear, Garage - Single Door, Garage - Two Door, On Site, RV Access/Parking
Location
- City: Long Beach
- State: CA
- Subdivision: N/A
- Lot Size: 6,352 sqft
- Lot Features: 0-1 Unit/Acre
- 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: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Deborah Bush • Jason Mitchell Real Estate CA
Mls Name: CRMLS
Mls Provider:
Mls ID: #SB25019789
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 2025-02-12 11:25:15 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