315 W 3rd St UNIT 305, Long Beach, CA, 90802 | 6.61% Rental Yield

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315 W 3rd St UNIT 305, Long Beach, CA, 90802 | 6.61% 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 315 W 3rd St UNIT 305, Long Beach, CA, 90802 listed at $469,000 pairs $2,582/mo rent with a $2,296/mo payment. Total monthly income runs $2,582/mo. Return on cash invested measures 17.44% in year one, and rental yield registers 6.61% at a $469,000 basis. Equity gained on principal adds $3,026/yr, and annual property appreciation at 5% supports $129,576 by year five. Five-year ROI tracks 89.62% and total cumulative return in cash totals $139,339. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,582/mo property income relative to a $2,296/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1925

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience the perfect blend of history and modern comfort in this beautifully updated 1-bedroom at the iconic Willmore, just blocks from Ocean Blvd. Step inside to find a thoughtfully refreshed kitchen complete with granite counters and stainless steel appliances, an updated bath, and the convenience of a separate laundry arearare for a historic building of this era. The residence balances contemporary upgrades with the timeless character of the Willmores Italian Renaissance Revival architecture. Known as the little sister to Hollywoods famed Roosevelt Hotel, the Willmore is a Long Beach landmark offering both style and community. Relax on the rooftop lounge and take in sweeping ocean and city views that stretch to downtown LA, or enjoy the elegance of the Solarium, a sunlit reminder of the buildings 1920s charm. The stunning lobby sets a grand first impression, while downstairs, La Traviata invites you to indulge in fine Italian dining without ever leaving home. With HOA dues covering all utilities except cable, and easy access to the 710 freeway and public transportation, this home offers convenience as well as character. All set within a vibrant neighborhood rich with dining, entertainment, and culture, this updated 1-bedroom is a rare opportunity to own a piece of Long Beach history.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,306 (100%)
Owner Occupied HU	4,625 (17.6%)
Renter Occupied HU	19,014 (72.3%)
Vacant Housing Units	2,667 (10.1%)
Median Home Value	$758,455
Average Home Value	$819,112