327 Chestnut Ave APT 209, Long Beach, CA, 90802 | $145/mo Cash Flow

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327 Chestnut Ave APT 209, Long Beach, CA, 90802 | $145/mo Cash Flow | Ziffy

Pending

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

Rental property for sale in Long Beach at 327 Chestnut Ave APT 209, Long Beach, CA, 90802 generates $3,455/mo in rent and, after a $2,619/mo payment, leaves $145/mo in cash flow. Total monthly income is $3,455/mo, and annual cash flow is $1,739/yr on $176,015 invested. Return on cash invested sits at 21.05% in year one, and rental yield is 7.75% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 108.91% and total cumulative return in cash sums $191,704. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,455/mo property income rather than buyer’s personal income.

Condo

Built in 1990

0.47 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover coastal elegance in this turnkey 2 bedroom, 2 bathroom condo, perfectly nestled in the vibrant heart of Downtown Long Beach. Just steps from sun kissed beaches, trendy boutiques, and top tier restaurants, this residence blends urban sophistication with serene comfort, offering an unparalleled lifestyle of convenience and charm. Perched on the second floor in a coveted section of the building, this unit ensures exceptional privacy and tranquility, insulated from street noise. The property welcomes you with beautifully landscaped front grounds and abundant guest parking, setting the tone for a warm and inviting community. Step inside to an airy, open concept floor plan that exudes modern elegance. The fully remodeled kitchen is a culinary masterpiece, featuring sleek quartz countertops, stainless steel appliances (included), soft-close drawers, custom pull-out cabinetry, and a chic dry bar with ample storage. This space flows effortlessly into the bright living area, which opens to a private patio; your personal oasis for morning coffee or gorgeous sunsets in the evening. Rich laminate flooring and textured ceilings create a refined ambiance throughout, complemented by three portable A/C units for year-round comfort. The primary suite is a serene retreat, complete with a ceiling fan, dual wall closets offering generous storage, and an ensuite bathroom with a shower/tub combo. The spacious guest bedroom features a large walk-in closet, while the second bathroom impresses with a walk-in shower, stylish tile flooring, and additional storage. A convenient hall closet provides even more space for effortless organization. Parking is seamless with two tandem spaces in the secure, gated underground garage, plus plentiful guest parking for visitors. Located moments from the beach, dining, entertainment, and the dynamic energy of Downtown Long Beach, this stylish condo is a rare opportunity to own a slice of coastal paradise in a prime location. Dont miss your chance to call this gem home!

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