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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Long Beach at 315 Newport Ave, Long Beach, CA, 90814 listed at $1,149,000 pairs $5,155/mo rent with a $5,624/mo payment. Total monthly income runs $5,155/mo. Return on cash invested measures 14.07% in year one, and rental yield registers 5.38% at a $1,149,000 basis. Equity gained on principal adds $7,414/yr, and annual property appreciation at 5% supports $317,448 by year five. Five-year ROI tracks 71.44% and total cumulative return in cash totals $265,963. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,155/mo property income relative to a $5,624/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1916
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90814, Long Beach, CA area.
| 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 |
Residential
9,606
Single Family
4,560
Multi-Family
5,046
Businesses
287
Date | Event | Price |
|---|---|---|
| 2024-09-10 | Listed for sale | $1,149,000 |
| 2018-10-31 | Listing removed | $2,395 |
| 2018-10-17 | Listed for rent | $2,395 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-12 | $2976.47 | 6.04% | $199,797 | 2.00% |
| 2022-09-12 | $2806.97 | 2.40% | $195,880 | 2.00% |
| 2021-09-12 | $2741.18 | 0.27% | $192,040 | 1.04% |
Listed by: Jennifer Hirsh • Coldwell Banker Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #PW24183810
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
