2662 E 2nd St UNIT F3, Long Beach, CA, 90803 | 6.18% Rental Yield

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2662 E 2nd St UNIT F3, Long Beach, CA, 90803 | 6.18% Rental Yield | Ziffy

Pending

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 2662 E 2nd St UNIT F3, Long Beach, CA, 90803 listed at $799,000 pairs $4,115/mo rent with a $3,911/mo payment. Total monthly income runs $4,115/mo. Return on cash invested measures 16.28% in year one, and rental yield registers 6.18% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 83.34% and total cumulative return in cash totals $219,066. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,115/mo property income relative to a $3,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1966

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Rarely Available Top-Floor Condo with Ocean Views! This spacious condo offers everything youll need to make this your forever home. Highlights include ocean views, in-unit washer and dryer, air conditioning, abundant storage, an ocean-facing balcony, and plenty of natural light. The kitchen features wood cabinetry, quartz countertops, and a large island with a wine fridge. Youll love the hand-scraped wood flooring throughout the bedrooms, living room, and hallways. Remodeled bathrooms showcase contemporary tile flooring, designer paint colors, and inviting decor. Ideally located in historic Bluff Park, the walkability is highjust two short blocks to the beach and the Long Beach Museum of Art; a 515-minute walk to numerous coffee shops, restaurants, the Bluff Park Farmers Market, 4th Streets vintage and antique shops, and the Art Theatre; and a pleasant 2040-minute stroll west to Veterans Memorial Pier and Belmont Shore shops, or east to the Aquarium and Shoreline Village. You won't want to miss this!

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