360 Ocean Blvd UNIT 209, Long Beach, CA, 90802 | $348/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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360 Ocean Blvd UNIT 209, Long Beach, CA, 90802 | $348/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 360 Ocean Blvd UNIT 209, Long Beach, CA, 90802 offers a 9.25% rental yield on a $320,000 purchase with $2,466/mo rent. Total monthly income registers $2,466/mo, and a $1,566/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,176/yr on $106,080 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 124.51% and total cumulative return in cash at $132,075. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,466/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1922

7,370 sqft lot

$N/A/sqft

No HOA

More details about the property

This 1922 Historic building has all the charm and is located in the heart of Downtown Long Beach. Roof top clubhouse, solarium with breathtaking views, 12th floor library, community laundry and walking distance to the Long Beach Convention Center, restaurants, Rainbow Lagoon Park, shopping, Long Beach Aquarium of the Pacific and so much more. As you enter the Sovereign Building you are welcomed by a beautiful grand lobby ordained with marble flooring and exquisite furnishings taking you back to the 1920's. Take advantage of the amenities in this centrally located condominium that has an on-site Manager, community laundry, personal storage area and optional parking space available to rent. The Sovereign allows Airbnb rentals, so whether you're looking for a getaway, income opportunity or to call it home sweet home, you will not be disappointed. 2025-04-09

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