2622 2nd St APT 2Santa MonicaCA90405
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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 2622 2nd St APT 2, Santa Monica, CA, 90405 listed at $1,925,000 pairs $7,165/mo rent with a $9,422/mo payment. Total monthly income runs $7,165/mo. Return on cash invested measures 11.24% in year one, and rental yield registers 4.47% at a $1,925,000 basis. Equity gained on principal adds $12,422/yr, and annual property appreciation at 5% supports $531,842 by year five. Five-year ROI tracks 56.27% and total cumulative return in cash totals $350,956. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,165/mo property income relative to a $9,422/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
5,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90405, Santa Monica, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,200 (100%) |
| Owner Occupied HU | 4,571 (30.1%) |
| Renter Occupied HU | 9,417 (62.0%) |
| Vacant Housing Units | 1,212 ( 8.0%) |
| Median Home Value | $1,782,468 |
| Average Home Value | $1,716,955 |
Housing Distribution
Address Breakdown
Residential
15,252
Single Family
6,537
Multi-Family
8,715
Businesses
1,432
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Listed by: Paige Ogden • Pardee Properties
Mls Name: CLAW
Mls ID: #25594965