3390 Elm Ave #2Long BeachCA90807
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Long Beach at 3390 Elm Ave #2, Long Beach, CA, 90807 offers a 7.11% rental yield on a $565,000 purchase with $3,349/mo rent. 12% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 98.59% and total cumulative return in cash at $183,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,349/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90807, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,872 (100%) |
| Owner Occupied HU | 6,745 (52.4%) |
| Renter Occupied HU | 5,615 (43.6%) |
| Vacant Housing Units | 512 ( 4.0%) |
| Median Home Value | $905,616 |
| Average Home Value | $1,003,483 |
Housing Distribution
Address Breakdown
Residential
12,697
Single Family
8,208
Multi-Family
4,489
Businesses
1,415
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aaron Klapper • eXp Realty of California, Inc.
Mls Name: CRMLS
Mls ID: #SB25222735