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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 323 W 4th St APT 404, Long Beach, CA, 90802 uses $72,897 cash to close to unlock $10,812/yr annual cash flow and $901/mo monthly cash flow. Total monthly income runs $2,513/mo, and a $1,076/mo payment keeps the spread at $901/mo. Purchase price stands at $219,900, and rental yield measures 13.71% with $2,513/mo rent. Return on cash invested shows 34.74% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 183.86% and total cumulative return in cash records $134,032. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,513/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Multi Family
Built in 1923
7,501 sqft lot
$N/A/sqft
$252 monthly HOA
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
| 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 |
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
Date | Event | Price |
|---|---|---|
| 2024-06-05 | Price change | $219,900 |
| 2024-05-15 | Listed for sale | $229,900 |
| 2024-02-29 | Listing removed | $219,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $1629.60 | 6.41% | $115,923 | 2.00% |
| 2022-08-15 | $1531.48 | 2.26% | $113,651 | 2.00% |
| 2021-08-15 | $1497.67 | 0.25% | $111,423 | 1.03% |
Listed by: Ron Tanzman • Rodeo Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #SR24077685
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
