360 Obispo Ave UNIT 15Long BeachCA90814
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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
Investment Highlights
Total monthly income runs $3,224/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 6.46% with $3,224/mo rent. Return on cash invested shows 17.13% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 87.91% and total cumulative return in cash records $173,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,224/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Condo
Built in 1973
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 90814, Long Beach, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,273 (100%) |
| Owner Occupied HU | 2,910 (31.4%) |
| Renter Occupied HU | 5,845 (63.0%) |
| Vacant Housing Units | 518 ( 5.6%) |
| Median Home Value | $1,170,477 |
| Average Home Value | $1,249,337 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
4,560
Multi-Family
5,046
Businesses
287
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Listed by: Deadra Stapler • Coldwell Banker Realty
Mls Name: CRMLS
Mls ID: #PW25099052