401 W 5th St UNIT 3B, Long Beach, CA, 90802 | $182/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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401 W 5th St UNIT 3B, Long Beach, CA, 90802 | $182/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

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 401 W 5th St UNIT 3B, Long Beach, CA, 90802 uses $160,778 cash to close to unlock $2,178/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $3,182/mo, and a $2,374/mo payment keeps the spread at $182/mo. Purchase price stands at $485,000, and rental yield measures 7.87% with $3,182/mo rent. Return on cash invested shows 21.26% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 110.11% and total cumulative return in cash records $177,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,182/mo property income covering a $2,374/mo payment rather than investor’s personal income.

Condo

Built in 1964

7,887 sqft lot

$N/A/sqft

No HOA

More details about the property

LOCATION! $20,000 GRANT AVAILABLE! Remodeled Downtown Long Beach condo with 2 BEDROOMS and 2 BATHROOMS. LAUNDRY HOOKUPS, NEW FLOORS, NEW KITCHEN, NEW BATHROOMS, NEW AC/HEAT UNITS, NEW PAINT; move right in! 3rd floor END/CORNER UNIT with big balcony. Building ELEVATOR for easy access. Walk to Pine Ave, The Pike, The Aquarium, metro rail, WALK TO THE WATER & more! Great FREEWAY ACCESS. Seller will consider PARKING options for any buyer! CALL FOR $20K GRANT DETAILS. **Some photos are virtually staged**

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