2603 Nelson Ave UNIT BRedondo 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
Investment property for sale in Redondo Beach at 2603 Nelson Ave UNIT B, Redondo Beach, CA, 90278 offers a 4.58% rental yield on a $1,419,000 purchase with $5,416/mo rent. 6% in year one. Equity gained on principal adds $9,157/yr while 5% annual appreciation supports $392,044 over five years. Portfolio math shows five-year ROI at 58.16% and total cumulative return in cash at $267,417. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,416/mo property income against a $6,945/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2018
7,442 sqft 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: Paul Cooney • West Shores Realty, Inc.
Mls Name: CRMLS
Mls ID: #SB25177889