315 W 3rd St UNIT 404, Long Beach, CA, 90802 | $41/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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315 W 3rd St UNIT 404, Long Beach, CA, 90802 | $41/mo Cash Flow | 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 404, Long Beach, CA, 90802 uses $125,970 cash to close to unlock $494/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $2,392/mo, and a $1,860/mo payment keeps the spread at $41/mo. Purchase price stands at $380,000, and rental yield measures 7.55% with $2,392/mo rent. Return on cash invested shows 20.3% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 104.97% and total cumulative return in cash records $132,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,392/mo property income covering a $1,860/mo payment rather than investor’s personal income.

Condo

Built in 1925

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity to own a corner unit in the historic Willmore Building, offering breathtaking city views. This 1-bedroom, 1-bath condo features generous windows, natural light, and hardwood flooring that highlight its Italian Renaissance Revival character. Residents enjoy iconic amenities including a grand lobby, a furnished Solarium with 1920s charm, and a rooftop lounge with sweeping views of the ocean, city, and downtown LA. The acclaimed La Traviata restaurant is conveniently located on the ground floor. HOA dues cover all utilities except cable/internet. With its prime location near Ocean Boulevard, downtown shops, dining, nightlife, and easy access to the 710 freeway, The Willmore blends historic elegance with modern convenience.

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