377 Grand AveLong 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
Investment property for sale in Long Beach at 377 Grand Ave, Long Beach, CA, 90814 earns from $5,635/mo rent with a $7,219/mo payment. Total monthly income totals $5,635/mo. ROI tracks 11.61% on current figures, and rental yield reads 4.58% at a $1,475,000 purchase. Equity gained on principal adds $9,518/yr, and 5% annual appreciation supports $407,515 over five years. Five-year ROI reaches 58.22% and total cumulative return in cash sums $278,254. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,635/mo property income instead of your personal income.
Single Family
Built in 1922
3,583 sqft 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: David Schwartz • Keller Williams Palos Verdes
Mls Name: CRMLS
Mls ID: #PV25192626