400 W Ocean Blvd UNIT 1202, Long Beach, CA, 90802 | 6.42% Rental Yield

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400 W Ocean Blvd UNIT 1202, Long Beach, CA, 90802 | 6.42% 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 400 W Ocean Blvd UNIT 1202, Long Beach, CA, 90802 offers a 6.42% rental yield on a $995,000 purchase with $5,321/mo rent. Equity gained on principal adds $6,421/yr while 5% annual appreciation supports $274,900 over five years. Portfolio math shows five-year ROI at 87.21% and total cumulative return in cash at $285,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,321/mo property income against a $4,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2007

0.77 Acres lot

$N/A/sqft

No HOA

More details about the property

Fully furnished 2 bedroom/2 bath + office, luxury condo in West Ocean Towers. Endless ocean views are what make this unit on the 12th floor special This end unit's "picture windows" captures views of the fascinating Queen Mary, cruise ships and witness spectacular sunsets. Everything is a short walk away, no need to get in your car to go somewhere, culinary restaurants are just steps away. The plush amenities of West Ocean Towers include a state of the art fitness center, 24/7 security, concierge, a temp controlled private wine locker, gated parking, controlled access throughout building, pool/spa/sauna, BBQ area, recreation room with full kitchen, library, fireplace, conference and media room. For those that demand excellence, this is hard to beat. Pamper yourself with this two bedroom condo, enjoy the resort lifestyle, and go have fun! The unit features upgraded bathrooms with Travertine stone, upgraded granite counters throughout, and Travertine flooring with mosaics throughout the walkways. The earthy stone compliments the colors of the sea. Plus there are two assigned, side by side, parking spaces in the garage, conveniently located in front of the elevator. The community areas are always clean and enjoyable to use. Make this your destination get away and enjoy the healthy lifestyle this attracts. Price excludes artwork, decor, utensils, cutlery, cookware, glass-ware, pots and pans and bedding/pillows/ personal items.

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