388 E Ocean Blvd UNIT 412, Long Beach, CA, 90802 | $124/mo Cash Flow

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388 E Ocean Blvd UNIT 412, Long Beach, CA, 90802 | $124/mo Cash Flow | Ziffy

For Sale

Rental Income

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 412, Long Beach, CA, 90802 listed at $485,000 pairs $3,124/mo rent with a $2,374/mo payment to leave $124/mo cash flow. Total monthly income runs $3,124/mo, and annual cash flow reaches $1,482/yr on $160,778 cash to close. Return on cash invested measures 20.83% in year one, and rental yield registers 7.73% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 107.79% and total cumulative return in cash totals $173,306. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,124/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2004

2.77 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience luxury coastal living at Aqua Towers in vibrant downtown Long Beach. This beautifully updated condo features soaring 10' ceilings, granite and quartzite countertops, a marble-tiled bathroom, and two private balconies perfect for enjoying ocean breezes. The central AC and heater were replaced just three years ago, ensuring comfort and efficiency.The HOA includes WiFi, water, trash, and access to a wide range of premium amenities:* 24-hour security and concierge service* A secure gated garage with 1 dedicated parking space* State-of-the-art fitness center and sauna* Resident clubhouse and business centers with high-speed WiFi* Sparkling resort-style poolStep outside and you're just moments from the beach, Shoreline Village, Rainbow Lagoon, The Pike Outlets, and the Long Beach Convention Center. With the Long Beach Grand Prix circuit and dozens of dining and entertainment options nearby, this is truly the best of urban coastal living.Investment Potential: With the 2028 Olympics coming to Los Angeles and the condo's prime location near the Convention Center, this property offers incredible value as a long-term investment or as an Airbnb/short-term rental.Life at Aqua means luxury, convenience, and coastal charm all in one.

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