2452 Chelsea Pl APT LSanta MonicaCA90404
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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 Santa Monica at 2452 Chelsea Pl APT L, Santa Monica, CA, 90404 uses $356,400 cash to close to unlock $28,832/yr annual cash flow and $2,403/mo monthly cash flow. Total monthly income runs $9,424/mo, and a $5,384/mo payment keeps the spread at $2,403/mo. Purchase price stands at $1,100,000, and rental yield measures 10.28% with $9,424/mo rent. Return on cash invested shows 28.46% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 148.86% and total cumulative return in cash records $530,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,424/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Condo
Built in 1974
0.35 Acres lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90404, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,386 (100%) |
| Owner Occupied HU | 2,071 (16.7%) |
| Renter Occupied HU | 9,230 (74.5%) |
| Vacant Housing Units | 1,085 ( 8.8%) |
| Median Home Value | $1,282,886 |
| Average Home Value | $1,355,974 |
Housing Distribution
Address Breakdown
Residential
11,190
Single Family
3,290
Multi-Family
7,900
Businesses
1,712
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Listed by: Andrianna Chakava • Coldwell Banker Realty
Mls Name: CLAW
Mls Provider:
Mls ID: #24-370709
Disclaimer: 2024 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.