372 Carroll Park E APT 208, Long Beach, CA, 90814 | 7.09% Rental Yield

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372 Carroll Park E APT 208, Long Beach, CA, 90814 | 7.09% Rental Yield | 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 372 Carroll Park E APT 208, Long Beach, CA, 90814 listed at $440,000 pairs $2,598/mo rent with a $2,154/mo payment. Total monthly income runs $2,598/mo. Return on cash invested measures 18.89% in year one, and rental yield registers 7.09% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 97.35% and total cumulative return in cash totals $141,994. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,598/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1970

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to Carroll Park East, a secure and well-maintained condominium community located in one of Long Beachs most desirable historic neighborhoods. This spacious one bedroom, one bathroom home offers 792 square feet of living space with an open floor plan and abundant natural light. The living room features large sliding glass doors that open to a private balcony, creating a seamless indoor-outdoor flow. The kitchen includes white cabinetry, ample counter space, and a breakfast bar that opens to the living room. The dining area is filled with natural light from a large window, and the bedroom is generously sized with excellent closet storage. The bathroom offers a wide vanity with plenty of counter space. The building is surrounded by lush landscaping and is close to the beach, Bluff Park, Retro Row, and the many shops and restaurants that make Long Beach such a vibrant community.

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