388 E Ocean Blvd UNIT 1215, Long Beach, CA, 90802 | $131/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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388 E Ocean Blvd UNIT 1215, Long Beach, CA, 90802 | $131/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 388 E Ocean Blvd UNIT 1215, Long Beach, CA, 90802 earns $131/mo cash flow from $3,218/mo rent with a $2,442/mo payment. Total monthly income totals $3,218/mo, and annual cash flow totals $1,577/yr on $165,419 capital. ROI tracks 20.86% on current figures, and rental yield reads 7.74% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 107.96% and total cumulative return in cash sums $178,590. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,218/mo property income instead of your personal income.

Condo

Built in 2004

2.77 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience Elevated Coastal City Living at the Aqua 12th Floor Luxury Condo with Expansive Harbor, Bridge, City & Water Views! Welcome to high-rise sophistication in the heart of Long Beach. Perched on the 12th floor of the coveted Aqua community, this beautifully maintained residence offers panoramic views of the harbor, city skyline, Desmond Bridge, and coastline. Inside, 10-foot ceilings and an open-concept layout create a light, airy ambiance throughout. The living area flows seamlessly onto a private balcony overlooking the Terrace Theaters captivating fountainsan ideal setting for relaxing or entertaining. The modern kitchen features upgraded stainless steel appliances, granite countertops, a generous center island, and sleek slate flooring that extends into the entry. The spa-inspired bath includes a deep soaking tub, pedestal sink, and abundant storage. Additional highlights include central air conditioning, walk-in closet space, a full-size in-unit washer and dryer, and an oversized storage unit in the secure parking areaan exceptional convenience in high-rise living. As a resident of Aqua, you'll enjoy an array of premium amenities: 24/7 concierge, pool and spa, fitness center, business center, and elegant clubhouse. Step outside to discover the best of Long Beachbeaches, waterfront dining, shopping, the Pike, Shoreline Village, and easy access to public transit and major thoroughfares. Luxury, location, and lifestyle come together in this stunning 12th-floor retreat. Dont miss your opportunity to live above it all.

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