2750 Artesia Blvd UNIT 362Redondo 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 2750 Artesia Blvd UNIT 362, Redondo Beach, CA, 90278 uses $167,790 cash to close to unlock $207/yr annual cash flow and $17/mo monthly cash flow. Total monthly income runs $3,172/mo, and a $2,496/mo payment keeps the spread at $17/mo. Purchase price stands at $510,000, and rental yield measures 7.46% with $3,172/mo rent. Return on cash invested shows 20.18% in year one, and 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 104.3% and total cumulative return in cash records $174,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,172/mo property income covering a $2,496/mo payment rather than investor’s personal income.
Condo
Built in 2007
0.60 Acres 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: Toni Patillo • eXp Realty of California Inc
Mls Name: CLAW
Mls ID: #25579167