2507 E 15th St UNIT 204, Long Beach, CA, 90804 | $169/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2507 E 15th St UNIT 204, Long Beach, CA, 90804 | $169/mo Cash Flow | 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

Investment property for sale in Long Beach at 2507 E 15th St UNIT 204, Long Beach, CA, 90804 uses $159,120 cash to close to unlock $2,028/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $3,138/mo, and a $2,349/mo payment keeps the spread at $169/mo. Purchase price stands at $480,000, and rental yield measures 7.85% with $3,138/mo rent. Return on cash invested shows 21.18% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 109.66% and total cumulative return in cash records $174,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,138/mo property income covering a $2,349/mo payment rather than investor’s personal income.

Condo

Built in 1988

0.89 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience comfort and convenience in this well-maintained 2-bedroom, 2-bath condominium located in the desirable Signal View community of Long Beach. This home offers an open and functional layout with a bright living area that extends to a private balcony, ideal for fresh air and outdoor relaxation. The kitchen and bathrooms feature tasteful updates and the in-unit laundry adds everyday practicality. Enjoy an open view and relaxing sunsets from your private balcony. Both bedrooms are positioned for privacy, with generous closet space and easy access to the updated bathrooms. Hard-surface flooring, recessed lighting, and clean, modern finishes create a move-inready feel. Residents enjoy a secure, gated community with amenities including a fitness room, clubhouse, outdoor cooking/BBQ areas, elevator access, and 2 assigned gated parking spaces (rare in this building). Recent balcony inspections and repairs have been completed per HOA disclosures. Set in the vibrant Zaferia/Eastside Circle area, the building is close to shopping, dining, public transportation, Cal State Long Beach, Downtown Long Beach, Retro Row, and several nearby beachesoffering convenient access to coastal recreation and urban amenities. This home combines comfort, location, and value within a well-cared-for community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90804, Long Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,850 (100%)
Owner Occupied HU	3,067 (19.4%)
Renter Occupied HU	12,011 (75.8%)
Vacant Housing Units	772 ( 4.9%)
Median Home Value	$796,806
Average Home Value	$838,697