360 Ocean Blvd UNIT 209Long BeachCA90802
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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
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
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 |
Housing Distribution
Address Breakdown
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
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Listed by: Joanne Ortiz • Berkshire Hathaway HomeServices California Properties
Mls Name: Berkshire Hathaway California Properties
Mls ID: #PW25077756