2805 E 3rd St APT 10, Long Beach, CA, 90814 | 7.3% Rental Yield

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2805 E 3rd St APT 10, Long Beach, CA, 90814 | 7.3% Rental Yield | 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 2805 E 3rd St APT 10, Long Beach, CA, 90814 listed at $589,000 pairs $3,582/mo rent with a $2,883/mo payment. Total monthly income runs $3,582/mo. Return on cash invested measures 19.68% in year one, and rental yield registers 7.3% at a $589,000 basis. Equity gained on principal adds $3,801/yr, and annual property appreciation at 5% supports $162,730 by year five. Five-year ROI tracks 101.57% and total cumulative return in cash totals $196,826. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,582/mo property income relative to a $2,883/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1974

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Gracious double entry doors open to a spacious 2-bedroom 2-bath condo. The condo is located in the heart of Bluff Heights, a special part of Long Beach in walking distance to the ocean. This comfortable home is exemplifies the southern California lifestyle. This 3rd floor unit with 1,111 square feet has a lovely living room that offers a gas fireplace, double sliding doors leading to a balcony--great for a barbecue and enjoying a lovely ocean breeze. The u-shaped open concept living room opens to a mirrored walled dining area, large enough for an 8 seat table. An open concept, well-designed u-shaped kitchen is a perfect place for cooking. A lovely hall bath with a granite counter and spacious walk-in shower is just steps away from the living room and first bedroom with an ample wardrobe closet. The private primary bedroom features double sinks, a walk-in-closet, clothing or linen storage, and a dressing area. Enjoy your beautiful newly painted home with new wall-to-wall carpeting, central heat and air conditioning! Your new home includes 2 parking spaces and private storage in a gated garage, a security front entry, a mail room, and meeting room with pool table. Laundry facilities are on each floor with elevator for easy access. Pet-friendly and acclaimed Long Beach Unified School District. This home is a perfect location, close to biking, golf, parks, Bluff Park and beaches for all water sports, renowned Belmont Shore and a thriving downtown, fabulous coffee shops, museums, and more!

Neighborhood Data

Neighborhood data shown for ZIP Code: 90814, Long Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,273 (100%)
Owner Occupied HU	2,910 (31.4%)
Renter Occupied HU	5,845 (63.0%)
Vacant Housing Units	518 ( 5.6%)
Median Home Value	$1,170,477
Average Home Value	$1,249,337