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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Long Beach at 460 Golden Ave UNIT 207, Long Beach, CA, 90802 listed at $389,000 pairs $3,239/mo rent with a $1,904/mo payment to leave $434/mo cash flow. Total monthly income runs $3,239/mo, and annual cash flow reaches $5,202/yr on $128,954 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.99% at a $389,000 basis. Equity gained on principal adds $2,510/yr, and annual property appreciation at 5% supports $107,474 by year five. Five-year ROI tracks 125.83% and total cumulative return in cash totals $162,258. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,239/mo property income relative to a $1,904/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
0.37 Acres lot
$N/A/sqft
$399 monthly HOA
Neighborhood data shown for ZIP Code: 90802, Long Beach, CA area.
| 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 |
Residential
24,092
Single Family
4,920
Multi-Family
19,172
Businesses
1,599
Date | Event | Price |
|---|---|---|
| 2024-08-29 | Listed for sale | $389,000 |
| 2003-10-28 | Sold | $106,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $1919.89 | 6.50% | $144,837 | 2.00% |
| 2022-09-03 | $1802.79 | 2.33% | $141,998 | 2.00% |
| 2021-09-03 | $1761.78 | 0.30% | $139,214 | 1.03% |
Listed by: Shomari Jennings • Keller Williams Realty A.V.
Mls Name: CLAW
Mls Provider:
Mls ID: #24-433357
Disclaimer: 2024 The MLS - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
